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http://www.lifeaftertheoilcrash.net/Index.html
[FONT=Verdana,Helvetica,Arial]A shortfall between demand and supply as little as 10 to 15 percent is enough to wholly shatter an oil-dependent economy and reduce its citizenry to poverty.[/FONT]
[FONT=Verdana,Helvetica,Arial]production will drop (conservatively) by 3% per year, every year. War, terrorism, extreme weather and other "above ground" geopolitical factors will likely push the effective decline rate past 10% per year, thus cutting the total supply by 50% in 7 years.[/FONT]
[FONT=Verdana,Helvetica,Arial]global oil production will peak and go into terminal decline within the next five years, if it hasn't already.[/FONT]
[FONT=Verdana,Helvetica,Arial]"An accurate average decline rate of 8% is not an unreasonable assumption." Some industry analysts are anticipating decline rates as high as 13% per year. A 13% yearly decline rate would cause gobal production to drop by 75% in less than 11 years.[/FONT]
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[FONT=Verdana,Helvetica,Arial]A shortfall between demand and supply as little as 10 to 15 percent is enough to wholly shatter an oil-dependent economy and reduce its citizenry to poverty.[/FONT]
[FONT=Verdana,Helvetica,Arial]production will drop (conservatively) by 3% per year, every year. War, terrorism, extreme weather and other "above ground" geopolitical factors will likely push the effective decline rate past 10% per year, thus cutting the total supply by 50% in 7 years.[/FONT]
[FONT=Verdana,Helvetica,Arial]global oil production will peak and go into terminal decline within the next five years, if it hasn't already.[/FONT]
[FONT=Verdana,Helvetica,Arial]"An accurate average decline rate of 8% is not an unreasonable assumption." Some industry analysts are anticipating decline rates as high as 13% per year. A 13% yearly decline rate would cause gobal production to drop by 75% in less than 11 years.[/FONT]

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