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- US oil production peaked decades ago. Technology may slow the decline, but it is going nowhere but down.
- Most of the major oil-producing nations in the world have either peaked, or appear to be peaking. (The list of "has-peakeds" includes Mexico, whose mammoth Cantarell field's production is dropping on the order of 20% per year.)
- Most of the remaining oil in the world lies in politically unstable nations (think Venezuela and Iraq).
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