Oil Crisis? What oil crisis?

   Everything  points to shortage of oil in the coming years. Every graph and information found on the web from trusted sources indicate that we have already pass Peak Oil. While the Army says is in 2015 one thing is for sure Peak oil is here and oil is becoming harder to find and more expensive. 

Oil: future world shortages are being drastically underplayed, say experts

The Coming Global Oil Crisis

Still not convinced take a look at what the US Army is saying in their latest report.

US military warns oil output may dip causing massive shortages by 2015

• Shortfall could reach 10m barrels a day, report says

• Cost of crude oil is predicted to top $100 a barrel

                                                           Global Oil Production 

"In 2005, Cantarell produced more than 60% of Mexico's oil production. Therefore, Cantarell can be considered as the "Ghawar" of Mexico. As we can see on Fig. 1, Cantarell's output doubled within a few years thanks to Nitrogen injection. However, the oilfield production has started to decline rapidly since 2004..."


Do I need to say more????