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Has Global Oil Production Reached Maximum Capacity?

April 26, 2017global maximum Oil production

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Has Global Oil Production Reached Maximum Capacity?

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With the price of oil soaring to record highs and oil companies reporting record profits, many are asking whether the world has reached peak oil production. Peak oil occurs when half of all existing oil has been pulled from the ground. Some experts believe we are at peak now while others disagree. We host a debate on the issue with Julian Darley of the Post Carbon Institute and Michael Lynch of the Strategic Energy & Economic Research.