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In contrast to a widely discussed theory that world oil production will soon reach a peak and go into sharp decline, a new analysis of the subject by Cambridge Energy Research Associates (CERA) finds that the remaining global oil resource base is actually 3.74 trillion barrels -- three times as large as the 1.2 trillion barrels estimated by the theory’s proponents

In July, 2007, The National Petroleum Council released a report called "Facing the Hard Truths about Energy". This document is one of the most comprehensive overviews of the planet's current energy situation. It recommends increased efficiency, development of alternatives, and cutting CO2 emissions; it is, however, dismissive of Peak Oil theory.