[Notary Sojac]

We may not be past the point of "peak oil".

But it's difficult to deny that we are past the point of peak cheap oil.

The days of $1.50 gasoline are gone forever.

[Dusty Road]

“The days of $1.50 gasoline are gone forever.”

If this are any future admin would step up and simply say we are going to open up all available resources both onshore and off and started doing it, we would see prices plummit over night. When the price went up over 4 bucks what did Bush do and what was the reaction?

[Graewoulf]

The peak of global cheap oil occurred in 1972-3.

Then as now, it is all about supply and demand.

The amount of Oil and Gas in the Earth is finite, and the demand is infinite - - -, do the Math.

BTW, it takes a minimum of 1 Million years to create crude oil. Tick-tock - - - .