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US report acknowledges peak-oil threat

It has long been denied that the US government bases any policy around the idea that global oil production may be in terminal decline.


But a new US government-sponsored report, obtained by Aljazeera.net, does exactly that.


This brand new senior-level report on “peak oil” is unprecedented in US government circles. It is not just the existence of the report itself that is such a landmark in the current oil debate. Its conclusions also pull no punches.


“World oil peaking is going to happen,” the report says. Only the “timing is uncertain”.

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