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Peak Oil drastically changes global economy
World oil production increased for 150 years until the spring of 2005, when world crude oil production reached about 74.3 million barrels per day (mb/d), and total liquid fuels reached about 85 mb/d. In spite of the efforts since, and tales of “trillions of barrels” of oil in undiscovered fields, liquid fuel production has remained at about 85.5 mb/d for three years. Read News
