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| Peak Oil Facts |
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Peak Oil Q & A
What is peak oil? Peak oil is
the point in time at which world production reaches it's peak and begins
to irreversibly trend in decline. The decline will be a trend with minor
peaks and jumps in production. The long-term production trend upon reaching
"peak" will be down.
What do you mean 'point in time'? It's a time period. Over a period of years there will be attempts to meet the growing world demand for petroleum based energy and products. It's believed by many that demand will continue to rise in this period while production rates remain static, leading to increased prices for oil and pressure on the global economy. Why am I just recently hearing talk about it in the mainstream press? Much of the "mainstream" press is owned and controlled by major multinational corporations. It's in their best interest to paint the best picture possible on the situation to prevent startling consumers who buy their many other products. So, while many are using their home equity as an ATM machine to pull cash out at will, and savings rates are near zero, an economic crisis is looming that has the potential to challenge us all. Why doesn't the government warn us about 'Peak Oil'? That's a very good question. We can, of course, only speculate as to the motivations of government officials. Based on the evidence, we can be reasonably certain that they are aware of Peak Oil. How?
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"Life After The Oil Crash" - One of our favorite sites.
Wikipedia On Hubbert's Peak
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Petroleum is being depleted . . . quickly . . .
Analyst Says Peak Oil 'Fast Approaching'
The Peak Oil Conundrum
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