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World oil shortages would center on liquid fuels, forum told

10/18/2010
Nick SnowThe world could face more of a liquid fuels than crude oil shortage as national economies recover, experts agreed at an Oct. 7 Capitol Hill forum. Global liquid fuels production hit a plateau in mid-2004 where it has generally stayed despite the strongest economic recession in decades, said Robert L. Hirsch, a senior advisor at Management Information Services Inc.Several nations' gross domestic products could plunge as a result, he warned at the event cohosted by the Environmental & Energy Study Institute and the Association for the Study of Peak Oil & Gas. "The countries that would be hurt the most would be the ones relying most heavily on imports," said Hirsch...
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