Reading this story this morning on the BBC, it looks like Peak Oil could be upon us?
Quote:
Oil prices surged to a new record after an unexpected fall in US crude stockpiles added to fears over supplies for the winter months ahead.
US light sweet crude rose $3.36 to $90.46 a barrel by close of trade in New York, having traded as high as $90.60 earlier in the day.
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BBC NEWS | Business | Oil prices rise to a record high