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Peak Oil is You


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Page added on March 30, 2007

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Report: Gov’t needs plan for oil peak

The U.S. government is in need of a strategy to minimize potentially dire economic consequences after worldwide oil production peaks and begins to decline, the investigative arm of Congress said Thursday.


Though experts disagree about when daily oil output will reach its maximum level — or whether they have done so already — the Government Accountability Office said in a report that most studies have found oil production will reach a peak sometime between now and 2040.

businessweek



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