Ian R Crane - Peak Oil

Peak Oil: Myth or Reality?

The phrase ‘Peak Oil’ has been coined to bring attention to the belief that the world is at, or very close to, the point where reserves of global hydro-carbon resources commence the downward path, which will ultimately lead to the complete exhaustion of global oil & gas resources.

Whilst the theory of ‘Peak Oil’ is popularized by a sympathetic media, the oil industry, continues to produce in excess of 90 million barrels each day whilst enjoying record levels of profitability, yet remains remarkably silent on the issue.

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