I'm glad this topic is getting some discussion. To refute AgentSmith's argument I haven't seen anything about Peak Oil in any mainstream media outlet. This should be front page stuff. The only things I have found have been European sources and offbeat internet news outlets. Also this is not a partisan issue. You say the Democrats are pushing this, nevermind this wasn't mentioned during the 2004 election year, Republican Congressman Roscoe Bartlett (MD) was interviewed and discussed the importance and immediacy of the Peak Oil problem http://www.energybulletin.net/5429.html ). In 2001 the Secretary of Energy was quoted as saying ā??America faces a major energy supply crisis over the next two decades. The failure to meet this challenge will threaten our nationā??s economic prosperity, compromise our national security, and literally alter the way we lead our lives,ā? ( http://www.commondreams.org/views04/0113-01.htm ). The Cheif Economist for investment giant Morgan Stanley said that we face a potential economic "armageddon" ( http://www.fromthewilderness.com/fre...mageddon.shtml ). When the world's great money handlers acknowledge an impending disaster it might be time to listen. Smith I will be tuning into your man on prisonplanet.com; its no fun to argue if you don't know what the other side is gonna say.

To address pisshead's argument that huge wells keep being discovered. An article published in Scientific American stated that new oil discoveries have been declining steadily since the 1960's. According to the article 90% of the earth's oil has been discovered. (http://dieoff.com/page140.pdf)