Will the United States Run Out of Oil? Sooner Than Expected, Report Says

Peak Oil has been a theory of immense discussion and though I don’t get much of it, the comprehension that it has something to do with maximum oil production around the globe is ample for me and for the rest of you. I may not understand the basics of Peak Oil, but what I do know is that the global oil reserves are diminishing fast. Indeed, the heavy oil consumption now leaves us at a point where only half of the earths’ oil reserves are left.

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