Peak Oil is Here : By James West : Wealth Daily Market Commentary

Dry as burnt toast. But...this article is putting the seal of conformation on the peak oil theory.
We'll maybe that is indirectly since the Hubbert curve was used to predict the top of the worlds peak oil.
And this is not just that pump prices could soon be $5 gal.
Or we all will be driving less and biking more.

What this means is the actual crude resources are diminishing and the oil fields will not replenish nor is their significant new fields to be found.
This means industrial, A/C energy, the electrical grid, the agriculture energy and fertilizer supplies will all just shrink. I recall petroleum is used in 500,000 products or application in industrial nations. Societies though can fall back on trains and buses as transportation. for awhile..

And if we consider under developed countries and which is where most of the worlds population dwell.
This really translates as starvation and then die off.

The peek oil chart (enclosed) is confusing as it looks like a fourth of July rocket display. I think the reason they are not smoothing the line is a couple of those predictions like the cera (Cambridge energy research associates) are probably bogus. they are predicting some drop off in 30 yrs and most of their customers are oil companies.
so if they used them to come up with one strong line they would be very misleading and which is the role cera plays on this issue.

So go with the 2005 to 10 time range and it should be accurate.
http://www.wealthdaily.net/article.php?id=374&pub=wd
And i believe you can ask just about anyone..including your hair dresser. What does Peak Oil mean? And you will get the expressive response: Duh!
So PO is about where CC (climate change) was a few years ago. "Don't know." "Their is lot of oil in Alaska and in the oceans." "The oil companies are a conspiracy and just aren't developing new fields until the price goes up."
"And science is not convinced their is an actual problem." "so I'm waiting until i hear it on fox!" Which of course means from the lips of God.

We'll it worked for awhile with CC and it won't work as long with PO because the hurricane blowing the house down is: "an act of god!" or "climate is just cyclical." "We'll sure those glaciers are melting but so what i live in California." Try that with a empty gas tank. Now that's serious.
"And those MF's better fix it quick like if they want my vote."