Peak Oil Watch

“Peak Oil” is the highest point on the oil production curve. After we reach “Peak Oil” (and we may have already reached it) it is a downward slope of oil production until we completely run out of oil. The world needs an alternative supply of energy, very soon, or we will face a downward spiral of economic troubles caused by an increasingly lower supply of oil until we reach worldwide economic collapse.

2008-02-01 3:20

IEA refutes 'peak oil', points to lack of investment - EurActiv

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IEA refutes 'peak oil', points to lack of investment
EurActiv, Belgium -1 hour ago
Proponents of the 'peak oil' theory, however, argue that the world's oil supplies may simply be running out and that further explorations and supply-side

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