22.04.2013 - Peak oil price: The latest industry worry
There have been many calls on peak oil the tipping point at which global production reaches a peak and, due to dwindling reserves, production declines, even if demand continues to rise. In reality, the industry and the technology have proved more resourceful than predictions have allowed and production has continued to rise. Indeed, the recent opening up of tight oil reserves in the US heralds the possibility that the US may become self-sufficient in a number of years if rates of production growth continue...............................................Full Article: Source
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