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Lone Star Library: Author says America under delusion of 'energy independence'

BY ROBERT FRANCIS
October 02, 2008

 
Gusher of Lies: The Dangerous Delusions of “Energy Independence”by Robert Bryce (PublicAffairs, $26.95) 

Lester R. Brown

Is world oil production peaking? Quite possibly. Data from the International Energy Agency (IEA) show a pronounced loss of momentum in the growth of oil production during the last few years. After climbing from 82.90 million barrels per day (mb/d) in 2004 to 84.15 mb/d in 2005, output only increased to 84.80 mb/d in 2006 and then declined to 84.62 mb/d during the first 10 months of 2007.
         

By Bill Gross, CIO, PIMCO

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