Take a moment to look over This explanation of ‘Peak Oil,’ the moment in time when we have reached maximum efficiency in the production of oil, and what might happen afterwards. While I don’t necessarily agree with some of the assumptions in the piece, it is thought provoking. It also provides possible insight into the ‘lets get a foothold in the middle east’ policy we seem to be following these days.
I just discovered that this is also being discussed on metafilter, http://www.metafilter.com/mefi/30670 will take you right to the post.
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