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World Economy Oil

The Collapse of the Old Oil Order: How the Petroleum Age Will End

Michael T. Klare | Posted 05.25.2011 | World
Michael T. Klare

Don't count on any new order to deliver enough cheap oil to preserve the Petroleum Age. Since no area is capable of replacing the Middle East as oil exporter, the oil economy will shrivel, and with it, the global economy as a whole.