Posts Tagged ‘ peak oil theory debunked ’

Forget “Peak Oil”… Let’s Talk About “Peak Energy”

April 23, 2010
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Have you heard of the “peak oil” concept? Simply put, this theory states that global oil production will hit a maximum (peak) level before declining. When oil prices hit a record high of $147 a barrel in July 2008, the focus increasingly turned towards the supply-demand equation and “peak oil” topic. Reaching a consensus,...

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