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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2008-08-19 3:20

OPEC likely to cut oil production

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LONDON • The Organization of Petroleum Exporting Countries may decide to cut the cartel’s oil output quota as the price of crude risks falling under $100 a barrel, energy consultancy CGES said yesterday. “The worsening economic outlook …

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