Take Aways When all the many factors bearing on the peaking of world oil production are weighed together, it still is impossible to reach a conclusion just yet. Depletion is a real issue. The race between new technologies and new resources is a major challenge; it is getting harder to access and extract oil and we are becoming more reliant on technological advances to meet this challenge. It should be noted, however, that if U.S. oil production declines significantly this year and prices remain relatively low, there is a chance that the world has seen the all time high of oil production.

It still will be many years after the fact before the peak whenever it comes can be confirmed for real. www.bakermckenzie.com © 2015 Baker & McKenzie. All rights reserved. Baker & McKenzie International is a Swiss Verein with member law firms around the world.

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