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The Beginning Of The End - Of Growth As We Know It

Chris Puplava

Among all the fossil fuels we consume, oil is the most crucial due to its ubiquity in nearly every consumer product that's manufactured, transported, or sold.

News stories featuring predictions from industry CEOs, executives, and various media outlets have begun to forecast future declines in oil production. Economic growth necessitates an increase in energy, and since oil remains the primary energy source, particularly for transportation fuel, economic growth invariably demands an increase in fossil fuel consumption.