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The Coming Decline of Oil |
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The geological evidence suggests that world oil production will be peaking sooner rather than later. Kenneth Deffeyes, a highly respected geologist and former oil industry employee now at Princeton University, says in his 2005 book, Beyond Oil, “It is my opinion that the peak will occur in late 2005 or in the first few months of 2006.” Walter Youngquist and A.M. Samsan Bakhtiari of the Iranian National Oil Company both project that oil will peak in 2007.
Read Lester Brown at: http://www.earthpolicy.org/Books/Seg/PB2ch02_ss2.htm
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