[Peakoil] Put crudely, petrol panic runs out of puff

[Antony Barry]

Put crudely, petrol panic runs out of puff | Business | The Australian

Israel was pummelling southern Lebanon, US motorists were draining  
fuel reserves, and oil traders were talking up the real chance a  
barrel of oil would soon be worth $US100.
Oil prices are on a five-week losing streak courtesy of a milder  
Mother Nature and a dose of diplomacy in the Middle East.
The doomsday scenarios of Peak Oil theory - that we have already  
found most of the oil available and are rapidly running out - gained  
fevered currency. That interest has since subsided and the theory  
itself has been dismissed by oil companies. "Peak oil predictions are  
not new," ExxonMobil...

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