For the past two or three years, environmentalists (myself included) have been publicising the idea that global oil production might soon peak and then go into decline. This possibility helps to demonstrate, we argue, that our dependence on oil is unsustainable, and we must find means of giving it up. The oil companies have seized our arguments and are using them for the opposite purpose: if oil supplies are in danger, they must be permitted to prospect in new places.
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