Oil
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The Peak in global oil production
Oil is a non-renewable resource, the rate of oil production, meaning extraction and refining currently about 84 million barrels per day, has grown almost every year of the last century. Once half of the original reserves is used, oil production becomes ever more likely stop growing and begin a terminal decline. The peak in oil production does not signify 'running out of oil', but it does mean the end of cheap oil, as we switch from a buyers' to a sellers' market. For economies leveraged on ever increasing quantities of cheap oil, the consequences may be dire. Without significant successful cultural reform, severe economic and social consequences seem inevitable.
Peak oil primer
ASPO International - The association for the study of peak oil and gas
The coming global oil crisis
Hubbert peak of oil production
Peak oil portal
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