Re: Peak oil
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There is plenty of oil left to last our lifetimes, and by the time the earth runs dry there will be alternatives to take its place.
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Peak oil is not the point at which the earth runs dry, only the point at which worldwide oil production has peaked. The world will never run out of oil, but it will one day run out of cheap oil.
Consider that there has been exactly one major oil discovery over the past thirty years. North Sea production has already peaked. This would seem to indicate that most of the world's cheap oil has already been found.
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