Scientists believe that Oil Production will Peak by 2014

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Scientists believe that Oil Production will Peak by 2014

Posted March 21 2010 03:04 PM by RimZ 
Filed under: Auto News, Hybrid Cars, Hybrid
 | 


That needs to change and change now.



Conservation needs to be foremost in our minds. Why? Scientists in Kuwait are saying that conventional crude oil production will peak in 2014. Yes, 2014! Scientist say that the world’s oil reserves are being depleted at a rate of 2.1 percent a year. They base their study on the Hubbert Model, which predicted that oil production in the United States would peak in 1970...


Read more at Automotive.com: Oil Production



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