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The world's output of liquid fuel is decreasing by millions of barrels per day year after year. None of the technologies mentioned will replace these barrels this year, next year and the year after. It's fine for a banker to ride his/her bike to the railway station but our economy needs...

We hit peak "conventional" oil a few years ago and the fall in production is accelerating. Gawar, the world's biggest oil field has not been audited since the Saudis kicked the Yanks out decades ago. There is reason to believe that it has peaked though. Cantarell, Mexico's big field (and the...