In an interesting article on the Obama approach to Peak Oil, The Huffington Post reports that ExxonMobil have declared that U.S. Gasoline Consumption peaked in 2008.

Even the oil patch’s biggest cheerleaders, ExxonMobil, who earlier helped frighten a public and a market to $147/bbl oil, now finds itself obligated to acknowledge that that U.S. consumption of gasoline has peaked.

 The article goes on to propose that remaining Oil and Gas reserves be taken into a National Oil Trust – essentially nationalising the U.S. Oil industry. Very interesting.

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