Bloomberg News: The death of cheap, abundant crude, peak forecasters warn, might unleash war and plunge the world into a second Great Depression. That's not the prophecy of some apocalyptic cult. Willem Kadijk, a hedge fund adviser, is just one new proponent of a geologic theory known as peak oil. Behind this controversial idea is the belief that global oil production is now at or near its zenith. Once the flow crests and starts to decline – and some geologists say it already has – oil will no longer ...
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