According to the recent newsletter of the Oil Depletion Analysis Centre, the United States Joint Forces Command states “By 2012, surplus oil production capacity could entirely disappear and as early as 2015, the shortfall in output could reach nearly 10 MBD.”
NPG has published material stating similar estimates. We believe that the only long- term solution is for population growth to be halted and eventually reversed. Without a substantial reduction in U.S. and world population, our planet’s limited natural resources will continue to be depleted at record levels and the way of life we know today will be completely altered as we struggle to survive on a planet of nine billion people by 2050, according to U.N. estimates.
For more information on this topic, see the following NPG Forum papers:
Edge of the Abyss, by Lindsey Grant
Peak Oil, by Lindsey Grant