Oil drilling along our coast matter of time

Why there will be oil drilling along the Florida coast . . .

The most important day in our history may have come and gone and we didn’t even notice: Peak Oil Day.

Simply put, Peak Oil Day is the day when we have pumped half the world’s accessible oil out of the ground. From there on out, production flattens and then declines.

This decline comes as the demand for oil surges in markets such as China and India. This leads to massive price increases, shortages, a worldwide recession or depression and even wars fought over remaining supplies.

The theory came about in the 1950s when a former research geologist from Shell predicted that oil production in the U.S. would peak in the early 1970s and then begin falling off. Many in the oil industry ridiculed him until his prediction came true.

Orlando Sentinel