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The Peak Oil Fallacy

The Peak Oil Fallacy

Back in the 1950s, M.King Hubbert, a geologist working for Shell, predicted that oil output from the lower 48 states of America would peak around 1970. Unfortunately, this did not prove to be true but it has lead to almost constant speculation about when the actual oil output around the world will reach its peak. However, it is now obvious that the brigade touting the date of peak oil, have gone the way of the flat earth society. Peak oil…

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