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demand will [...] reach 95.8m barrels a day in 2012.


Problem is: where is supply gonna be?

The only way is see this happening is if everything goes smashing, all the reserves are the higher end of estimates, and Iraq starts producing bigtime.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Jul 9th, 2007 at 11:30:56 AM EST
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