Goodbye to Oil

In an earlier column, I wrote that about 20 years ago the United States passed what is known as peak oil production, and that the rest of the world may have now reached that point as well.

Passing “peak oil” means that more than half the world’s oil will have been removed from the ground, and the other half will be much more costly and difficult to extract. Indeed, most of it will be too deep to drill, in areas that are inaccessible, both for physical and political reasons, or both. That means that within the lifetimes of most people alive today, there will be no more readily available oil in the world.
Gloucester Daily Times