News International Sugar Journal

“Peak oil” concerns appear to be overstated for the time being [Registered]

Fears of depleting the Earth’s supply of oil are unwarranted, according to new research, which concludes that the demand for oil – as opposed to the supply – will reach its own peak and then decline. “Peak oil” prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic and even social collapse as the world reaches its peak of oil production – and then supplies fall. But according to the study by researchers at Stanford University and the University of California-Santa Cruz, those scenarios assume that an increasingly wealthy world will use all of…

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