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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2008-08-18 3:20

Price of oil independence: Eternal conservation

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Commentary: Recent price drop in US no reason to increase consumption PORT WASHINGTON, NY (MarketWatch) — The good news is that the price of crude oil has tumbled more than $33 a barrel from its recent peak. …

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