http://www.businessweek.com/print/bwdaily/dnflash/content/mar2008/db20080319_269345.htmMore evidence that those who are raising the alarm about Peak Oil might just be on to something. Exxon, world's largest publicly traded company and bane to environmentalists, global warming activists and hippies everywhere, announced that it will not be see any increase in oil production over the next five years, despite record profits from oil shooting over $100 a barrel.
Does this make any fucking economic sense? Only if you draw the obvious conclusion: they won't increase production because they've reached their absolute production limit.
Be afraid, be VERY afraid.
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