Peak oil could hit soon, report says

A new report says worldwide production of conventionally extracted oil could peak in the next decadeThere is a "significant risk" that global oil production could begin to decline in the next decade, researchers said today.A report by the UK Energy Research Council (UKERC) said worldwide production of conventionally extracted oil could "peak" and go into terminal decline before 2020 - but that the government was not facing up to the risk. Continue reading...