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Posts Tagged ‘Supply & Demand’

Many people ask: Are we running out of oil? The simple answer is; Yes, we started doing that when we consumed the first gallon. But running out is not the main point when what matters much more is the onset of decline which now dawns as we enter the Second Half of the Age of Oil. Britain’s energy policy begins to attract much comment, mainly in connection with the threats of climate change, but the underlying issue of oil supply may deserve more urgent attention. (more…)

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