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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SchNEWS DRILLS FOR THE TRUTH IN PEAK OIL THEORY »
2008-08-31 3:20

Peak Oil may be a myth.

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I suspect it will never be cheap and yes oil addiction is unsustainable as I constantly argue, however like Schnews I think the effects of burning oil on the global biosphere are more of a threat than ‘peak oil‘. …

More: continued here

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