[toddst]

. . . we are getting closer and closer (if not there already) to Peak Oil, where crude oil production will generally go down every year, forever.

Well, newbie, you don't know what you are talking about. I worked in the oil industry for years and we are nowhere near you magic "peak oil." Many old fields are slowly refilling plus areas with hugh reserves have been declared off-limits by the enironmental wackos (both inside and out of government agencies.)

Your "peal oil" won't be seen for well beyond our lifetimes.

[toddst]

Correction:

Your "peak oil" won't be seen for well beyond our lifetimes. Add to that - if ever!