[Peakoil] Forget peak oil, says BP chief

[Jenny Goldie]

Forget peak oil, says BP chief
January 17, 2013 
Canberra Times
Fiona Harvey, London
WARNINGS that the world is headed for ''peak oil'' - when oil supplies decline after reaching the highest rates of extraction - appear ''increasingly groundless'', BP's chief executive said on Wednesday.

 Bob Dudley's remarks came as the company published a study predicting oil production will increase substantially, and that unconventional and high-carbon oil will make up all of the increase in global oil supply to the end of this decade, with the explosive growth of shale oil in the US behind much of the growth.

 As a result, the oil and gas company forecasts that carbon dioxide emissions will rise by more than a quarter by 2030 - a disaster, according to scientists, because if the world is to avoid dangerous climate change then studies suggest emissions must peak in the next three years or so...

Read more: http://www.canberratimes.com.au/world/forget-peak-oil-says-bp-chief-20130117-2culc.html#ixzz2IMz165HM