Peak oil holds enormous consequences for our lives

All across the world, people are starting to grasp the concept of peak oil.

Decades ago, Shell geologist M. King Hubbert put forth the theory that oil production in the United States would peak in 1970. He based his postulate on the science that all things in nature exist on a standard bell curve. Going up the first side of the curve is easy. Oil is readily available, close to the surface, of high quality and easy to extract and refine. Going down the other side becomes more difficult. The oil is harder to extract, less plentiful and of lower quality.


The key is the peak. Once reached, supply can only decline even as demand around the world is spiking with increasing ferocity. Many now believe we have reached that peak, and the result is played out in the prices you