update

» Thursday, February 17, 2005

Take a Peak

OPEC announces that all of its members have the green light to pump oil at maximum capacity to meet growing demand from China and to make up for diminishing production from Russia. If true, this means that we have essentially moved into global peak oil production. Human beings are extracting as much crude oil from the Earth each day as is possible. This is significant because once Peak Oil is reached and surpassed, our daily oil supply will begin to decrease no matter what the demand. The implications are profound...



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