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Peak oil is and has been real. Pretty much a certainty actually. I believe it was that researcher from Chevron if memory serves me that properly fore casted the assorted stages of oil in our country and how we would hit a peak in the US in the 70's and that hit, and how the world would hit one around 2010 and that seems to be hitting as well. This all done back in the 50's when the US was rocking and actually exporting oil.
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