Sunday, 15 January 2012

Peak Oil happened in 2006?

People have been predicting peak oil for years and it's been denied for as many years by the oil industry and most Governments.  This link shows that the International Energy Agency has finally taken a position and stated that it has already happened - in 2006!  Bizarre, I mean why aren't we already feeling rising fuel prices on a monthly basis already?

Anyway, this is a good introduction piece to the whole peak oil issue for anyone new to the theory.

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