Is Peak Oil Already Here?

Oil will peak, meaning demand will exceed production. It doesn’t mean we’ll run out of oil soon, just that it will get more expensive. The oil companies might take advantage of the Peak Oil theory to inflate prices, yet they can’t scare us too much else we seriously look at alternatives and conservation, but the REAL peak may be here, now.

read more | digg story

Advertisements

%d bloggers like this: