Saturday, May 14, 2005

OPEC at it's highest production in history

The continued march towards Peak Oil:
"OPEC is at its highest production in history. I am concerned about that. If we reach the full capacity now, we will tighten in the fourth quarter. The spare capacity will be smaller and smaller, reaching a plateau when there is no more oil."
- Abdullah Hamad al-Attiyah,
Oil Minister, Qatar

Discussion at PeakOil.com

Found via Lowem

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