While the debate over peak oil rages on, a new yardstick has emerged: "peak travel."
A doctoral dissertation by Fredrik Robelius of the Uppsala University in Sweden contends that global oil production will reach its peak yield as early as next year before falling into decline. The thesis, which attempts to estimate the largest oil fields' future production, is based on Robelius's investigation of historical oil production, new oil field discovery and global reserves. The world's largest, or giant, oil fields number less than one percent of all fields but account for over 60 perc
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