Peak oil

"Part 1: Oil production in the non-OPEC world is likely to peak within a few years and then begin an irreversible decline. Part 2: Oil peaking is caused by unavoidable geologic factors. It happens to all oil fields and can't be stopped just by spending more money." So goes Kevin Drum's chilling 5-part series on Peak Oil. "Part 3: ...A global peak, followed by a steady decline in production, is likely within the next ten years. Part 4: As bad as this is, there's something even worse that's happened already: the world has run out of spare pumping capacity...leading to increasing global instability and a turbulent economy held permanent hostage to terrorists, unstable dictatorships, resource wars, and natural disasters. Part 5: There are things we can do to manage the approaching oil peak, but we need start now and we need to address both supply and consumption." (Political Animal)

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