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liquid energy

World Oil Supplies Have Already Peaked, Study says

written by Yale Environment 360

The International Energy Agency says that the world has already reached its peak oil production, a surprising conclusion that could have significant effects on future oil prices. In its annual report, the group suggests that production rates likely topped out at about 70 million barrels a day in 2006. Two years ago, the group projected that conventional oil production would likely

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November 16, 2010 0 comment
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