
Peak oil poses biggest threat to peak oil, Wikileaks cable shows
You think a population approaching seven billion puts pressure on oil supplies? Soon, just making up for peak oil losses will take twice as much new oil as that, according to the Aramco whistle blower quoted by Wikileaks, Dr. Sadad al-Husseini, and covered in detail by our own Tafline Laylin this week.
“Satisfying increases in global demand will require bringing online annually at least 6 million b/d of worldwide output, 2 million to satisfy increased demand and 4 million to compensate for declining production in existing fields.”
He should know. He is the former Executive Vice President for Exploration and Production at Saudi Aramco.