Saturday, August 29, 2009

PEAK OIL IS REAL

Take a look at this new information on peak oil. T. Boone Pickens looks to be right although it will take a little longer than expected. Going back to 2005 and annualizing production increases in conventional oil production to .9% per year. The article is by Doug Hornig and can be accessed at http://www.uranium-stocks.net/washington-capitulates-peak-oil-is-real/

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