The Reality of Peak Oil

There are two words that you will never hear again in the same sentence-”cheap” and “oil.” The reality is that peak oil isn’t around the corner — it’s already here. The fact is that oil prices have tripled in less than seven years. And you can expect oil to break record price levels again in a matter of months.

…I overheard the gentleman next to me complaining about gas prices. “Three bucks for gas? That’s absolutely ridiculous!”

I smiled to myself, because I knew the truth.


Feeling obligated to enlighten the poor doctor (the white coat was a good indicator for me), I casually remarked, “Three bucks? Consider it a blessing. Wait till we’re paying over five.”

Seeing his incredulous look, I began, “Well, you know that oil prices are the biggest factor in the price of gas, right?” After seeing him nod slightly, I continued, “The fact is that oil prices are going to skyrocket. I’m talking way over $100 a barrel.”

Energy and Capital