Have We Reached Peak Oil?

Have We Reached Peak Oil?

Over the past year, American drivers have found themselves longing for the days when two dollars per gallon seemed expensive. Oil prices are rising at an unprecedented rate, and as a result, many are questioning whether the Earth's available oil supply has reached its peak. Are there still oceans of oil awaiting our discovery? How much pain you'll be feeling at the pump in the future depends on the answer.

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Latest Comments

E4 Capitalist
not the way it works

I thought that oil output tends to peak and then decline in the case of an individual field or an individual... Read More

- E4 Capitalist | June 14, 2009 10:50AM

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  • Diana Furchtgott-Roth
    Diana Furchtgott-Roth is a senior fellow at Hudson Institute and directs the Center for Employment Policy. From February 2003 to April 2005 Ms. Furchtgott-Roth... More

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