Oil Production Peaks

Oil production peaked last year, says an energy group in Germany, much sooner than experts predicted. (The International Energy Association isn't worried.) Production will now be decreasing 7% a year, they say.

"The world soon will not be able to produce all the oil it needs as demand is rising while supply is falling. This is a huge problem for the world economy...."

Current supplies are good only for about 30 more years, they predict.

May you live in interesting times.