'The scourge of 'peak oil'

from aljazeera.........

"Energy derived from oil reaches, quite literally, every aspect of our lives. 

From the clothes we wear, to the food we eat, to how we move ourselves around, without oil, our lives would look very differently.

Yet oil is a finite resource. While there is no argument that it won't last forever, there is debate about how much oil is left and how long it might last.

Tom Whipple, an energy scholar, was a CIA analyst for 30 years - and believes we are likely at, or very near, a point in history when the maximum production capacity for oil is reached, a phenomenon often referred to as "peak oil".

"Peak oil is the time when the world's production reaches the highest point, then starts back down again," Whipple told Al Jazeera. "Oil is a finite resource, and [it] someday will go down, and that is what the peak oil discussion is all about."

There are signs that peak oil may have already arrived"..............READ MORE