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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2008-11-19 3:20

Peak oil review - Nov 17 | Energy Bulletin

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The Saudis and their friends, however, were delighted with the IEA judgment that the Kingdom’s giant Ghawar oil field was on a plateau and was not in danger of going into imminent decline — thereby “undercutting the claims of peak oil…

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