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Last month, I explained in an article how and why the world is approaching a worldwide peak in oil production sometime in the next decade. Although there are large implications throughout the economy, I want to say upfront that I do not think this will bring on Armageddon.

On January 18, 2010, during the discussion of the Global Energy Outlook panel of the World Economic Forum held in Davos, Switzerland, Mr. Peter Voser, President and CEO of Royal Dutch Shell, pointed out the potential of natural gas that has consistently been downplayed throughout the world as a substantial source of future energy supply.

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