GAO Reports on Peak Oil

CRUDE OIL
Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production

These are the words printed in VERY LARGE letters on the cover of the Government Accountability Office's 82 page report.

Energy Bulletin posted excerpts Thursday, a few of which I've snipped:

[A]n imminent peak and sharp decline in oil production could have severe consequences, including a worldwide recession.

While the consequences of a peak would be felt globally, the United States, as the largest consumer of oil and one of the nations most heavily dependent on oil for transportation, may be particularly vulnerable.

Click the headline above to read Energy Bulletin's original report.
Read GAO's report here.