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Scientific American: Facing the facts on oil
On the Op-Ed page of today’s New York Times is a large ad-ed placed by ExxonMobil. Titled “Peak Oil? Contrary to the theory, oil production shows no sign of a peak,” the piece blows smoke at the growing consensus among serious petroleum geologists that production of the cheap oil on which all modern economies are based is fast approaching the day when it stops growing to match demand, levels off for a while, and then inexorably falls….The facts suggest otherwise [than Exxon’s ad].
March 2, 2006
