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Peak oil: it's only an idea

I haven't yet followed up on my third post about peak oil, the concept that initially led us to open Cycle 9.  In a nutshell, that concept is that after world oil production peaks, oil will become more scarce and thus much more costly, impacting the US and world economy in a myriad of ways.  If one reads sites like the oil drum, it is easy to get the notion that these impacts will be very
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