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Peak oil reports ignored by mainstream media

“Recent weeks have seen an explosion of information on peak oil,” writes Matthew Wild on countercurrents.org, “everywhere it seems except in the mainstream media. . . . In February, the UK Industry Task Force on Peak Oil and Energy Security issued a report predicting an ‘oil crunch’ within five years. It was followed in mid-March by a behind-closed doors energy briefing called by the British government (which heard ’2004 was . . . the beginning of the global production plateau for conventional oil.’) March also saw a report from scientists in Kuwait predicting that world conventional crude oil production will peak in 2014. Around that time, researchers from Oxford University suggested that oil reserves have been over-estimated by up to one-third, and demand will likely outstrip supply as soon as 2014. In mid-March, French newspaper Le Monde stated that the Energy Information Agency was looking at oil production declining by 2011. . . . In April, the US Joint Forces command dropped a bombshell with its Joint Operating Environment report that . . . ‘By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day.’ . . . Considering this information is timely, with wide-ranging results, and from highly placed sources –- industry leaders, academics, scientists, government and the military –- then why hasn’t there been more media coverage?”

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