CERA study: Oil production to track ‘undulating plateau’

11/27/2006
The “peak oil” theory, stipulating that world oil production will soon peak and sharply decline, is flawed, according to an analysis by Cambridge Energy Research Associates (CERA).Instead of a peak, CERA says, production is more likely to trace an “undulating plateau” that will last for a decade or more beyond 2030. The report added that during later decades of the plateau period, unconventional production of heavy oil, gas-related liquids (condensate and natural gas liquids), gas-to-liquids, and coal-to-liquids will supplement traditional liquids supply.“It is likely that the situation will unfold in slow motion and that there are a number of decades to prep...
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