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Running on Empty

The arrival of $119 bbl crude and $4 gal gasoline are obvious signs that global oil production has or soon will peak. With global demand rising and supplies limited, higher, more volatile prices and shortages could provoke--to quote the title of the must-see peak oil documentary--the end of suburbia. The world's economy and, paradoxically, the fight against climate change could be in deep trouble.
Published On:	4/24/2008
Submitted On:	6/2/2008 8:18:09 PM by Frank K
Categories:	Energy

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