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Peak Oil

Peak Oil, the syndrome just will not go to bed, touted by the industry since the 70’s as end all of times. The theory, is that the global world is using more then the industry can produce, but by today’s standards, there has never been more oil out of the ground in storage then there is today. And the price is still rising, hitting the 80-dollar target price and pushing fuel to the $3.00 a gallon range. It would seem to make more sense to keep a lid on that type of information, (like we are running out of oil) because the world would start trying to find alternative energy sources.