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Peak oil refers to the point at which global oil production reaches its maximum rate, after which it will decline. This decline can lead to higher energy prices, increased economic instability, and potential fuel shortages, impacting transportation, manufacturing, and food production. Additionally, reliance on oil for energy can exacerbate geopolitical tensions and environmental issues, as countries compete for dwindling resources and struggle to transition to alternative energy sources. The overall result can be a significant disruption to economies and lifestyles that depend heavily on fossil fuels.

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2d ago

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