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  • Oil is a finite resource, and [it] someday will go down, and that is what the peak oil discussion is all about.There are signs that peak oil may have already arrived.The International Energy Agency (IEA) recently increased its forecast for average global oil consumption in 2011 to 89.5 million barrels per day (bpd), an increase of 1.2 million bpd over last year.
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