Each
day, the United States is
responsible for 25% of
the world’s oil consumption, despite
holding only 5% of the
world’s population. With the emergence
of other industrial nations such as China
and India, the oil extraction rate has surpassed
1,000 barrels per second.
The unprecedented rate at which this natural
resource is being used, coupled with dwindling
oil discoveries, has lead many of our prominent
energy analysts to suggest that global oil
production may be reaching a peak. (read
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