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“Peak oil” is a concept that, in barely a decade, has gone from total obscurity to being a hot-button issue, rivaling global warming and sustainability. It is almost universally misunderstood and often misinterpreted. On one hand, many peak oil advocates are ideological extremists—Armageddonist back-to-nature types who seem to feel that living without oil is preferable (“life in the 15th century was really great”). On the other hand, the Pollyannas say, “not to worry,” since the world has an endless supply of affordable oil available for centuries.
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