Sunday, May 07, 2006

The Real Oil Story: The Oil in Iraq

The Real Oil Story: The Oil in Iraq

One of the things that's not commonly discussed in the press is the concept of peak oil. This term refers to the point where the world's production of oil output peaks and then steadily declines as supplies dwindle in the face of constant or increased demand. I believe that we've either reached or will reach peak oil in the very near term. The author of this article believes that peak oil concerns were some of the main reasons behind the administration's foray into Iraq.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home