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<p>[QUOTE=&quot;Cloudsweeper99, post: 1246057, member: 3011&quot;]I first read about Peak Oil in a National Geographic article in the late 90s and came to the exact opposite conclusion.&nbsp; I did a lot more research and subsequently invested in the industry with great results.&nbsp; It&#039;s still one of my largest investments.&nbsp; There is a lot of misinformation about peak oil.&nbsp; It doesn&#039;t mean the world is running out of oil or that production will fall substantially.&nbsp; Right now we are at something of a plateau in production where it is becomming more and more difficult to raise reserves and production world-wide.&nbsp; I believe light sweet crude production is already declining and a lot of the replacement oil is the heavy stuff, some of which is unsuitable for anything except asphalt, and some that is natural gas liquids with limited uses -- all barrels are not created equal.&nbsp; So despite the recession, the price is still multiples of what it was a decade ago.&nbsp; I don&#039;t expect the world to run out in my lifetime, but demand will probably continue to exceed the ability of the industry to raise production, and that&#039;s all it takes for prices to continue to rise faster than inflation in a volitile manner.[/QUOTE]</p><p><br /></p>

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