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Publication Date: 2007
Publisher: DIANE Publishing Company
The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production -- a peak -- from which it can only decline? The author: (1) examined when oil production could peak; (2) assessed the potential for transportation technologies to mitigate the consequences of a peak in oil production; & (3) examined fed. agency efforts that could reduce uncertainty about the timing of a peak or mitigate the consequences. Includes recommendations. Charts & tables.Wells, Jim is the author of 'Crude Oil : Uncertainty about Future Oil Supply Makes it Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production', published 2007 under ISBN 9781422315767 and ISBN 1422315762.
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