Whatever Happened to Peak Oil?

Remembering “Peak Oil” Madness:

Contrary to some predictions that world oil production has peaked or will soon do so, Maugeri projects that output should grow from the current 93 million barrels per day to 110 million barrels per day by 2020, the biggest jump in any decade since the 1980s. What’s more, he says, this increase represents less than 40 percent of the new oil production under development globally.

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