A decent introductory article on Peak Oil has appeared over at The Oil Drum, with a rough prediction of May 2007 ±4.5 years for oil production to peak and then go into irreversible decline. Rather than one single glaring fact bringing the author to this conclusion, it’s a collection of related arguments (the most convincing for me is the fact that the big oil companies have not been able to increase production rates despite the price of oil increasing).

For a well-written, in-depth report, check out lifeaftertheoilcrash.net.

Roll on 2012.

Via WorldChanging

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