Norwegian Jan Herdal of oljekrisa.no (via EnergyBulletin) raises an essential point regarding Peak Oil.

We're all watching for the global peak in overall oil production, but another very important peak will come sooner — maybe it already has. That's the peak in what Herdal calls "net oil for consumption" — the amount of oil that's being produced minus the oil-equivalent of the energy used to find, extract, transport, and refine that oil.............

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