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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2008-08-01 3:20

More Peak Oil Evidence: Exxon Production (XOM) Falls 7.8%, Most In … - Clusterstock

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More Peak Oil Evidence: Exxon Production (XOM) Falls 7.8%, Most In …
Clusterstock, NY -18 hours ago
Exxon Mobil reported Q2 earnings this morning, posting $11.7 billion in net income ($2.22 per share) on $138.1 billion in revenue (up 40% year-over-year). …

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