Peak oil
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Peak oil, or peak extraction of oil, is the point when global petroleum production reaches its maximum rate, after which it will begin to decline irreversibly. Predictions range from 2025 to after 205
World oil discoveries peaked in the 1960s.
Syncrude's Mildred Lake mine site and plant near Fort McMurray, Alberta
OPEC
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The Organization of the Petroleum Exporting Countries is an intergovernmental cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectively influence t
OPEC Conference delegates at Swissotel, Quito, Ecuador, December 2010
OPEC headquarters in Vienna
An undersupplied US gasoline station, closed during the oil embargo in 1973
A woman uses wood in a fireplace for heat. A newspaper headline in the foreground shows a story regarding a lack of heating oil in the community.