I would beg to differ...'Peak Oil' is a bullshit scam...if production was supposed to have peaked in the 70's, then why are the total reserves now higher than in the 70's, and in fact, whenever they talk about this 'peak' oil reserves are always higher then the last time they tried to scare us?...there are two fields in Alaska that the oil companies have not even touched, NW of the Prudhoe Bay site, both larger than the big Saudi field...there are HUGE deposits in the Gulf of Mexico, Brazil has just discovered a gigantic oil field off it's coast, the list goes on and on...it's called 'the big squeeze'.