Out of curiosity, I posted a simple PO question on a gas price discussion :
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Frederick, Md.: How much is high oil prices due to the fact the oil production is now falling for 33 out of 48 of the largest oil producing countries?
It seems that "peak oil" is a fact not a theory -- these countries have hit "peak oil".
Jason Toews: The total world oil production has not fallen. There certainly may be some validity to the "peak oil" theory. Oil is definitely a non renewable resource.


