Why ‘peak oil’ may soon pique your interest

World oil production peaked in 2005, says one expert, and that presents serious problems in the future.

Do a Google search of the Web on “global warming” and it calls up more than 80 million references. Search for “peak oil” and the number exceeds 10 million.

In two years or so, world concern over crude oils supplies should be so great that a Google search on that subject probably will top that of global warming, predicts Matthew Simmons, chairman of Houston-based Simmons & Company International, an investment banking firm for the energy industry.


Peak oil refers to the time when production of crude oil in the world (or in a country or in an oil field) reaches its peak and starts to slide. It doesn’t mean the world has run out of oil