Tuesday, April 15, 2008

Peak oil

This seems kind of important.
Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.

The warning helped on Tuesday to push crude oil prices to a fresh all-time high above $112 a barrel, threatening to stoke inflation in many countries.
It’s a finite resource, people, and getting finiter all the time.

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