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Peak Oil is You


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Page added on July 19, 2004

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The New Energy ‘Crisis’ and Iraq

Geology

It is a myth that there is a fixed quantity of petroleum in the earth (at best a half truth) and that current “reserve” and “forecast” figures give a meaningful measure of how much gas is left in the planet’s tank. A subsidiary myth is that Middle East, a large chunk of those reserve figures, is thus an irreplaceable and thus “strategic” resource.

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