Are you familiar with "Collapse" and peak oil? Get ready
Clipped from news.yahoo.com
IMF warns oil growing scarce, more costly
WASHINGTON (AFP) – The International Monetary Fund warned Thursday that nations should brace for dwindling oil supplies that could drive prices skyward as demand increases, especially in emerging economies .
"After stagnating in recent years, oil supply will not return to the growth trends of the 1980s and 1990s," he said.
Even though China is now the world's biggest energy consumer, its oil consumption is only half as large as that of the US, it noted.
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