The news agency Reuters has seen something the rest of us haven’t: Internal Mexican government estimates of that country’s future oil production which paint a gloomy picture of rapid decline after 2030. Is this admission just the tip of the iceberg? For many years those of us suggesting that a peak in worldwide oil production was in the offing kept pointing to several pieces of intelligence including the following: Leaks of information about lower-than-publicly-stated oil reserves among major oil producers. In 2005, leaked internal government documents…
Has Global Oil Production Already Peaked?
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