Why oil supplies could go from peak condition to terminal decline

Peak Oil used to be the Doomsday prospect.

It means the point at which we cannot develop new oilfields as fast as the old ones tail off.

With demand rising unstoppably, as the poor attempt to follow the rich up the ladder, Peak Oil looked like being the call for Last Orders in the Last Chance Saloon, when it came.

Well, according to some, it has already come