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Peak Oil

U.C.-San Diego economist Hamilton weighs in on 'peak oil' and the world economy

Many analysts have begun speculating that world oil production may be nearing its apex. Will energy companies be able to keep up with rising demand from the United States, China and other countries? If accurate, what exactly does the so-called "peak oil" phenomenon mean for the world economy, and how will consumers and businesses respond? In a speech at the American Enterprise Institute last week, James Hamilton, an economist with the University of California-San Diego, took an in-depth look at these questions, and more.

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