World oil and gas 'running out'
Date: Friday, October 03, 2003 @ 00:03:59 UTC
Topic: General


By CNN's Graham Jones
Thursday, October 2, 2003 Posted: 1245 GMT ( 8:45 PM HKT)

LONDON, England -- Global warming will never bring a "doomsday scenario" a team of scientists says -- because oil and gas are running out much faster than thought.



The world's oil reserves are up to 80 percent less than predicted, a team from Sweden's University of Uppsala says. Production levels will peak in about 10 years' time, they say...

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