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I would argue that this is a case of the public's understanding of the situation trailing, by decades, the engineering understanding.

For example, here's a paper from 1997 that says "decline in world oil production rate surely will occur well before the year 2020 and possibly before 2010."
http://hubbert.mines.edu/news/Hatfield_97-4.pdf

Most oil executives have been perfectly well aware of the situation for a long, long time. It's politicians and their public that doesn't have a clue.

by asdf on Sat Nov 10th, 2007 at 10:40:59 AM EST

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