Friday March 30, 2012
The Myth of Peak Oil
George Wuerthner
Counterpunch
Each time there is a short-term shortage of oil or the price begins to rise, there is talk of running out of affordable oil, an idea captured by the concept of Peak Oil.
Peak Oil is the theoretical point when the maximum rate of oil production is reached and after that time enters into a terminal decline.
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Posted in: by bubblejam at 05:43 PM | Comments (0) | Email This Entry