Observing the world of renewable energy and sustainable living

Core Labs CEO – Peak Oil Now

This statement does not come from a wannebee Cassandra/Nostradamus, but from someone with access to relevant data: Dave Demshur, CEO of Core Labs, a Netherlands-based company. Their business is analyzing drilling results for all major, and 100s of smaller companies in the global energy finding industry. Annual revenues are $1 billion. CLB scientists accumulate data about the current production of all major oil and gas basins on the planet. Demshur estimates planetary oil production in 2014, 2015, and maybe 2016 to be at the peak level we shall ever be able to generate. When asked about future oil independence here in the US, he just smiled — and added “no chance”.



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