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Imminent peak oil could burst US, global economic bubble - study

2013-11-19 15:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: A new multi-disciplinary study led by the University of Maryland calls for immediate action by government, private and commercial sectors to reduce vulnerability to the imminent threat of global peak oil, which could put the entire US economy and other major industrial economies at risk. The peer-reviewed study contradicts the recent claims within the oil industry that peak oil has been indefinitely offset by shale gas and other unconventional oil and gas resources. A report by the World Energy...

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