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Peak oil theories proffered to congress.

Publication: The Oil Daily
Publication Date: 08-DEC-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
A Congressional subcommittee holding a hearing on the theory of 'peak oil' got a surprise Wednesday when one of the panelists, Cambridge Energy Research Associates (Cera) director Robert Esser, testified that global oil production could increase by 25% in the next ten years, and that oil production won't begin declining until 2020 at the very earliest.

"We see no evidence to suggest a peak before 2020, nor do we see a transparent and technically sound analysis from another source that justifies belief in an imminent peak," Esser told the House Energy and Air Quality Subcommittee. "It will be a number of decades into this century before we get...

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