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Last Update: Jan 05 2009
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Peak oil is the point in time when extraction of oil from the earth reaches its highest point and then begins to decline. We won't be able to say with certainty when we have reached peak oil until after the fact. Many experts say we have already reached the peak. Others say not yet, but within the next few years. What does Peak Oil herald? It heralds the end of cheap energy. In just a short 100 year period our civilization has built a high reliance on cheap, abundant energy.
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