3E Intelligence

A new US Congress report has taken a close look at “peak oil” and concluded that the US government has no strategy in place to minimise the economic consequences of reaching the maximum level of oil production. At least, the Americans politiians are studying the possible implications of peak oil which is more than can be said from European policy-makers.

The Energy Bulletin has this summary. Associated Press has the story. For background, read Wikipedia’s “Hubbert Peak Theory”.

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