Peaking Out - Time to Act Is Now
Geologists aren't finding major new oil fields anywhere in the world and most do not expect to do so. Existing fields will reach their maximum output within a few decades.
Meanwhile, crude oil is being consumed at an ever-faster pace, not only in the United States and Europe but also in rapidly developing economies like China and India.
That combination falling reserves and rising demandcould produce a global economic crisis unlike any in history.
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