http://www.peakoilwatch.org/2010/02/28/oil-near-80-as-traders-eye-low-interest-rates-the-associated-press/ "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. hourly 1 http://wordpress.org/?v=