I believe that the world is about to reach peak oil capacity.
I don’t believe we’re about to run out; there will always be oil in the ground, but our quantity of it is finite. Rather the world’s maximum daily production capacity is about to be reached – the hose can only pump so much and we can’t get a bigger hose. Unfortunately, demand from countries like China and India will continue to create supply/demand issues.
Here is the link to a web site that, quite frankly, scared the heck out me. It walks on the extreme side at times, but if you buy its basic premise and science, you’ll start to notice more mainstream news articles about major oil fields in decline, such as Mexico’s, and countries needing to drill deeper ocean wells to locate new oil.
Here’s the site. Read at your own risk. http://www.lifeaftertheoilcrash.net/Index.html