The Decline of Oil

When the price of oil climbed above $50 a barrel in late 2004, public attention began to focus on the adequacy of world oil supplies - and specifically on when production would peak and begin to decline. Analysts are far from a consensus on this issue, but several prominent ones now believe that the oil peak is imminent," says Lester Brown, President of the Earth Policy Institute. (See http://www.earthpolicy.org/Books/Seg/PB2ch02_ss2.htm.)

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