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Concise Peak Oil article by one of it's main advocates
"In nearly every year since 1859, the total amount of oil extracted from the world's underground reserves
has grown -- from a few thousand barrels a year to 65 million barrels per day by the end of the 20th century,
an increase averaging about two percent yearly. Demand has grown just as dramatically, sometimes lagging
behind the erratically expanding supply. The great oil crises of the 1970s were politically based; there was no
actual physical shortage of oil."
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