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Peak Oil in the News
Peak Oil News Saturday November 4th 2006

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Researchers downgrade Arctic's oil reserves
(MyWestTexas.com) The world shouldn't count on the Arctic as a major long-term source of energy and the U. S. cannot count on the icy north to move the country toward energy independence, according to a study released Wednesday by two energy research firms.

Exxon sees plenty of oil supplies to meet demand
(MarketWatch) The world is not running out of oil and even with advances in alternative energy, fossil fuels will remain the dominant energy source well into the future, Stephen Pryor, president of Exxon Mobil Refining and Supply Co., said at a conference here Friday.

UPDATE 6-Oil climbs over $59 on supply threats
(FXstreet.com The Futures Market) Oil rose above $59 a barrel on Friday after the United States warned that a militant group may soon attack Nigeria's oil facilities. Adding to concerns, BP said it received a bomb threat at its refinery in Whiting, Indiana, the fifth largest refinery in the United states.

IMF expects oil prices to hold steady
(Gulf News) Global oil prices are likely to remain near current levels over the next couple of years barring unexpected shocks, International Monetary Fund head Rodrigo Rato said yesterday.

The world's dwindling oil supply and you
(Dundas Star) The most valuable thing citizens can do to prevent the potentially catastrophic results of reaching the limits of oil production is vote in the Nov. 13 municipal election, says a former Hamilton school teacher who is spreading the word on Peak Oil.

How I Came to Believe in Peak Oil
(ZPEnergy) It was near the end of the Clinton Administration when an assistant to newly appointed Energy Secretary Bill Richardson called Matt Simmons and asked him to prepare a multi-bullet pointed brief on the current state of the oil and gas industry.

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