Its not about having enough oil,,but what you will pay for it.The US capped many large oil fields starting in the 30's.Humble for example.They have shut down field in Alaska,Oklahoma,and Texas for starters.These fields will be reopened later to produce more expensive crude,by cheaper means.There is no immediate decline in fossil fuel, just ppl trying to manipulate the market.-usdi Agaluga
smokejaguar Reviewed by smokejaguar on . Peak Oil I'm just curious if anyone here's heard of Peak Oil. This is the idea that world oil production will max out and begin to decline. This will cause oil prices to skyrocket effecting the world's economies. There is lots more but I just want to know if there's gonna be a discussion or further interest. Rating: 5