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.

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2008-05-31 3:20

Peak oil under scrutiny following record crude prices

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The price of crude oil has recently hit record levels above US$135 a barrel, pushing industry analysts to take more seriously peak oil, or the idea that global production is near an apex after which it will decline sharply.

More: continued here

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