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Climate Change & Peak Oil Overview
Shell's CEO estimated in 2008 that after 2015, supplies of easily accessible oil and gas would no longer meet global demand. Continued economic growth would outpace new oil production from more difficult reserves. This would lead to higher oil prices and increased competition for remaining reserves.
Climate Change & Peak Oil Overview
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- 36. Shell estimates thatafter 2015 supplies of easy-to-access oil and gas will no longer keep up with demand." Jeroen van der Veer, CEO Shell 28th January 2008
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