26 Dec '12, 10am

#8 - Oil will decline shortly after 2015, says former IEA oil expert

The Oil Drum staff wishes a Merry Christmas to all in our readership community. We are on a brief hiatus in this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil Drum posts in 2012. The third in this series is a guest post by Matthieu Auzanneau in January, a freelance journalist living in Paris. This article previously appeared in Le Monde. Olivier Rech developed petroleum scenarios for the International Energy Agency over a three year period, up until 2009. This French economist now advises large investment funds on behalf of La Française AM, a Parisian assets management firm. His forecasts for future petroleum production are now much more pessimistic than those published by the IEA. He expects stronger tensions as of 2013, and an inevitable overall decline of oil production "somewhere b...

Full article: http://www.theoildrum.com/node/9737

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