The gas shortages and long lines at the pumps in Superstorm Sandy’s wake aren’t just an echo of the oil and energy crises of the 1970s. We may be getting a sneak peek at life amid peak oil.
Peak oil — the point where fuel companies reach the limits of their ability to extract oil, decreasing production and increasing prices — has been in discussion since the mid-1950s and was a hot topic during the 2008 gas crisis. Yet seldom have Americans seen its potential impact beyond their wallets.
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