Peak Oil Watch

“Peak Oil” is the highest point on the oil production curve. After we reach “Peak Oil” (and we may have already reached it) it is a downward slope of oil production until we completely run out of oil. The world needs an alternative supply of energy, very soon, or we will face a downward spiral of economic troubles caused by an increasingly lower supply of oil until we reach worldwide economic collapse.

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2008-05-31 3:20

PEAK OIL: AN IDEA WHOSE TIME IS UP

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The “peak oil” theory was popularized by Shell Oil geophysicist M. King Hubbert, who in a 1956 paper, predicted that US oil production would peak by the early 1970s and then decline sharply. Some analysts believe that investors are …

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