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"In 1956, geophysicist M. King Hubbert - then working at the Shell research lab in Houston - predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized and occasionally ridiculed by oil experts and economists, Hubbert's prediction came true in 1970. The hundred-year period during which most of the world's oil was discovered became known as Hubbert's peak - a span of time almost comically shorter...
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