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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2010-02-28 3:20

Oil near $80 as traders eye low interest rates – The Associated Press

Oil near $80 as traders eye low interest rates
The Associated Press
The euro was up to $1.3610 from $1.3599 in late New York trading Friday, but below its session high of $1.3652, which was reflected in a peak oil price of …

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