Oil Shortage Begins
Is it the beginning of the end? According to a Swedish physicist, global oil production will peak sometime between 2008 and 2018 and then start to decline. Physicists have been right about this in the past.
In LiveScience.com, Melinda Wenner reports that, “Since 1956, when American geophysicist M. King Hubbert correctly predicted that US oil reserves would hit a peak within 20 years, experts have debated when the same might occur globally.”
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