Kuwait's biggest field starts to run out of oil

Kuwait's biggest field starts to run out of oil | EnergyBulletin.net | Energy and Peak Oil News:
AME Info -- 11/14/2005
"The implications for the global economy are indeed serious. If the world oil supply begins to run dry then the upward pressure on oil prices will be inexorable. For the oil producers this will come as a compensation for declining output, and cushion them against an economic collapse.
However, the oil consumers then face a major energy crisis. Industrialized economies are still far too dependent on oil. And the pricing mechanism of declining oil reserves will press them into further diversification of energy supplies, particularly nuclear, wind and solar power. "