Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.

Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times.

http://www.ft.com/cms/s/e5e78778-a53f-11dd-b4f5-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fe5e78778-a53f-11dd-b4f5-000077b07658.html&_i_referer=http%3A%2F%2Fwww.ft.com%2Fhome%2Fuk


The last 3 letters of the link are "2Fuk" - 2 fucked - tell me about it.