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HSBC - world is near Peak Oil PDF Print E-mail
Thursday, 14 May 2009

Fredrik Nerbrand, head of global strategy at HSBC Private Bank, has the world is nearing the point of "Peak Oil", the point when productivity reaches its maximum rate, as reserves continue to decline.  He added that recession had made it clear that "even under the most depressed economic scenarios there is a shortage of oil."

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