Home

Why Subscribe ?

Popularise CC

Join News Letter

Editor's Picks

Press Releases

Action Alert

Feed Burner

Read CC In Your
Own Language

Bradley Manning

India Burning

Mumbai Terror

Financial Crisis

Iraq

AfPak War

Peak Oil

Globalisation

Localism

Alternative Energy

Climate Change

US Imperialism

US Elections

Palestine

Latin America

Communalism

Gender/Feminism

Dalit

Humanrights

Economy

India-pakistan

Kashmir

Environment

Book Review

Gujarat Pogrom

Kandhamal Violence

WSF

Arts/Culture

India Elections

Archives

Links

Submission Policy

About CC

Disclaimer

Fair Use Notice

Contact Us

Search Our Archive

Subscribe To Our
News Letter



Our Site

Web

Name: E-mail:

 

Printer Friendly Version

Global Oil Availability Has Peaked : EU Energy Chief

By Reuters

12 November, 2010
Reuters

This graph is from IEA World Energy Outlook 2010

Nov 10 (Reuters) - The availability of oil worldwide has already peaked, the European Union's energy chief Guenther Oettinger said on Wednesday.

"My fear is that the global consumption of oil is going to increase, but European oil consumption has already reached its peak. The amount of oil available globally, I think, has already peaked," Oettinger told a news briefing in Brussels.

He was presenting a new EU energy strategy for investing 1 trillion euros over the next decade in a common EU energy network, to curb the bloc's dependence on fossil fuel imports.

(Reporting by Charlie Dunmore, editing by Rex Merrifield)