The End Of Fossil Fuel

You will never see cheap gasoline again. You will probably never see cheap energy again. Oil, natural gas and coal are set to peak and go into decline within the next decade, and no technology can change that.

Peaking is a simple concept. We generally exploit natural resources in a bell-shaped curve, with the rate of extraction increasing over time until we reach a peak and then gradually slowing down until we stop using them.

Peak oil is not about “running out of oil”; it’s about reaching the peak rate of oil production. It’s not the size of the tank that matters, but the size of the tap.

Forbes