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Posted Fri Jan 27 2012: from Scientific American:
Has Petroleum Production Peaked, Ending the Era of Easy Oil?
Despite major oil finds off Brazil's coast, new fields in North Dakota and ongoing increases in the conversion of tar sands to oil in Canada, fresh supplies of petroleum are only just enough to offset the production decline from older fields. At best, the world is now living off an oil plateau -- roughly 75 million barrels of oil produced each and every day -- since at least 2005... That is a year earlier than estimated by the International Energy Agency--an energy cartel for oil consuming nations... "We are not running out of oil, but we are running out of oil that can be produced easily and cheaply," King and Murray wrote.
[Read more stories about: climate impacts, peak oil]

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Would it help if we started some arbitrary war?

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