Chinese CCTV reports on Peak Oil with Richard Heinberg. Place and timing of this report is very symbolic in light of recent market developments.
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"China knows too well the real price of Oil. All recent data points out that the spare capacity in Oil production is running dangerously low and any decreased demand from the developed world was immediately substituted by the rising demand from emerging economies."
"This animation deserves to be posted one more time. Post Carbon Institute has produced a brilliant documentary "There Is No Tomorrow", which we highly recommend to watch everybody. You can personally judge our progress now."