Peak Oil is You

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Page added on May 25, 2011

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Gasoline Gangsters 21: Peak Oil, Gas & Coal in Europe

Europe is facing an awful financial crisis. Most economists believe this mess is due to bad loans made to second rate European powers like Portugal, Ireland, Italy, Greece & Spain. But in reality Europe\’s oil and gas supplies will be almost completely depleted by 2025. In the near future it will be fully dependent on imports with no way to pay for them. It is the first peak oil domino to fall.

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