presentation by anthony d owen inaugural ceem annual conference 18 november 2005 international oil prices drivers and outlook crying wolf again or has the arrived at door is far too cheap moment figure i use around 182 a barrel we need to price realistically control its demand that because global production peaking if correctly it could give us time find bridge fuels fill gap between an economy renewable but don t see happening june 2004 matt simmons energy investment banker adviser controversial bush plan peak argument most of world s already been found as evidenced lack recent giant discoveries middle east reserves have over stated for political reasons existing me fields will not expand in size producing countries outside are near past their point must inevitably this develop through resource constraint problems with methodology static completely supply
