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January 21, 2013

The Peak Oil Distraction and Other Fallacies

John Kemp, Reuters


AP

"The limit of production in this country (the United States) is being reached, and although new fields undoubtedly await discovery, the yearly (oil) output must inevitably decline, because the maintenance of output each year necessitates the drilling of an increasing number of wells. . .

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TAGGED: energy outlook, peak oil, oil, Reuters

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