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Peak Oil is You


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Page added on April 13, 2004

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Why keep adding to oil reserves?

Production

Goldman Sachs, a leading oil trader, estimates that continuing to fill strategic oil reserves through this year in the United States and Europe would add more than $4.25 per barrel to crude oil prices. Petroleum economist Philip Verleger estimates that the fill over the past two years has already added $8 to $10 per barrel.

Detroit Free Press



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