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July 13, 2006

Yet another voice says Peak Oil is here now

Ali Bakhtiari, a former senior adviser for the National Iranian Oil Company, says this year is when we hit the peak. And, just like Cantarell, the North Sea, and some other spots are showing not gradual but sharp declines, he expects that to be the worldwide situation in the not-too-distant future.
”In the next 14 years, if my predictions are correct, one third of today’s oil supply will be gone,” Bakhtiari said. “Wait until you see these pressures that are coming up. They will come up one day.”

That sounds about right to me. And that’s a very concrete number, and percentage — about a one-third drop.

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