According to Al Jazeera's Adam Porter, a new US government sponsored report, which he says marks a "landmark in the current oil debate," admits that the only uncertainty about "peak oil" is when it will arrive.
The report, "Peaking of World Oil Production: Impacts, Mitigation and Risk Management," outlines three different scenarios contingent on the sorts of proactive measures taken to address the threat of diminishing oil supplies, ranging from nothing being done to actions taken 20 years before the peak is reached (based on an optimistic reading of current oil supplies).
Despite its assessment that several steps can be taken to ameliorate the effects of dwindling production, the report concludes, "the world has never faced a problem like this. Without massive mitigation more than a decade before the fact, the problem will be pervasive and will not be temporary. Previous energy transitions were gradual and evolutionary. Oil peaking will be abrupt and revolutionary."
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