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Oxford report: World oil reserves at tipping point
A report just published by researchers at the Smith School at Oxford University concludes that the age of cheap oil has now ended as demand starts to outstrip supply as we head towards the middle of the decade. The report also suggests that the current oil reserve estimates should be downgraded from between 1150-1350 billion barrels to between 850-900 billion barrels, based on recent research.
March 23, 2010
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