18 Feb '12, 12am

World oil supply debate between ex-Shell chief and ASPO-USA professor | Peak Oil News and Message.

Gasoline prices could suddenly spike even higher, and though increases in U.S. domestic supply may be important, no realistic U.S. increase will offset declining yields from other nations, according to Professor Tadeusz Patzek, chair of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin and Vice-President of the ASPO-USA Board of Directors. He highlights that declining output from most oil-exporting nations over the past decade, in the face of rising global demand, is likely to create a lasting drop-off in global availability of oil-spelling serious consequences for all oil-importing nations, including the United States.

Full article: http://peakoil.com/geology/world-oil-supply-debate-betwee...

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