Bainerman, Joel
April 2004
Middle East;Apr2004, Issue 344, p6
The era of cheap oil is gone for good. The decline of oil and gas will affect the world population more than climate change, according to Swedish expert, Kjell Alekett, who adds that the world is facing a very critical situation globally. Walter Yongquist, expert in petroleum studies, has been observing petroleum and alternative energy sources in 70 countries working for the Exxon Corp. David Goodstein, professor of physics and vice provost of the California Institute of Technology, in his book, "Out of Gas: The End of the Age of Oil," argues that the worldwide production of oil will peak in 2010.


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