Energy: That’s oil, folks…

Both sides issue regular, well-referenced reports that come to opposite conclusions on whether the world is running out of oil. “There’s just no middle ground,” says Kenneth Deffeyes, a geologist who has retired from Princeton University in New Jersey, and is a leading supporter of the peak-oil theory. His personal belief is that we are already a year past the peak. If he’s wrong, though, he’s sure that it will prove not to be by much: the peak is imminent, and unavoidable.

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