REPORT: OIL HAS ALREADY PEAKED

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ASHLEY SEAGER, GUARDIAN, UK - World oil production has already peaked
and will fall by half as soon as 2030, according to a report which also
warns that extreme shortages of fossil fuels will lead to wars and
social breakdown. The German-based Energy Watch Group . . .  predicts
that production will now fall by 7% a year. . .

The report's author, Joerg Schindler, said its most alarming finding was
the steep decline in oil production after its peak, which he says is now
behind us.
The results are in contrast to projections from the International Energy
Agency, which says there is little reason to worry about oil supplies at
the moment.

However, the EWG study relies more on actual oil production data which,
it says, are more reliable than estimates of reserves still in the
ground. . .

http://www.guardian.co.uk/oil/story/0,,2196435,00.html

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