“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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