The maximum crude oil production capacity was reached in 2006

Across the world, 80% of energy is obtained from fossil energy sources. The global economy reacts with commensurate sensitivity to any disruption in the balance between supply and demand. The moment at which falling oil production can no longer satisfy rising demand is known as “peak oil”. We have reached that moment.
The International Energy Agency (IEA) communicated in dezember 2010, that we have reached peak oil already in 2006.


Global oil production according to IEA
Blind optimism: The shaded dark yellow area shows the sources of oil that have yet to be tapped or found.
Blind optimism: The shaded dark yellow area shows the sources of oil that have yet to be tapped or found.

Meanwhile the supply gap grows
Since the mid-1960s, fewer and fewer oilfields have been found. Currently, for every nine barrels of oil that are consumed, only one new barrel is found.
Since the mid-1960s, fewer and fewer oilfields have been found.
Currently, for every nine barrels of oil that are consumed, only one new barrel is found.

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Peak Oil

Peak oil, the maximum global production of crude oil, has already been reached. The critical factor is not when oil runs out, but when production nosedives.

«We should leave oil before it leaves us »

Dr. Faith Birol
Chief Economist, International Energy Agency (IEA)

Consequences

What will happen if we don’t act quickly to solve the problem which is looming?

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Saving oil is not the solution!

Of course energy efficiency makes sense. But when the oil runs out, even the most economical petrol engines will come to a standstill. And perfectly insulated homes with oil-fired heating systems will stay cold without fuel oil.

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