| In 1956, Marion King Hubbert laid out in a paper the idea of “peak oil“—that at some point in the future, the production of non-renewable resources like oil and coal would hit its highest point and then decline. Well, according to an editorial in the Economist, that time may be now.
But, the Economist says, oil’s peak may have come about in a different way than Hubbert thought it would: it’s not the production of oil that’s dropping off, it’s the demand...............................................Full Article: Source
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