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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2008-06-30 3:20

Petrobras: Set to Become a Global Oil Major - Barron's - Seeking Alpha

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Petrobras: Set to Become a Global Oil Major - Barron's
Seeking Alpha, NY -16 hours ago
This contravenes the 'peak oil' theory - that the world is running out of oil. Incidentally, while Barron’s says the Tupi field could double Brazil ’s oil …

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