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FWIW we've been running out of oil for even longer than that: "In 1919 United States Geological Survey (USGS) head George Otis Smith even predicted that the nation would be out of oil in nine years." http://news.nationalgeographic.com/news/2004/05/0520_040520_...


Wow. I can see the party banners:

"Peak Oil: Celebrating 100 Years!"




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