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...Peak Oil" theory fits nicely??on a cocktail napkin. Its curve looks like this: Colonel Edwin Drake starts pumping crude in Pennsylvania in 1859. We've been pumping faster and faster ever since. Sooner or later, on this finite planet of ours, it just has to run out. U.S. production peaked in the 1970s. Global production will soon be on the downside of the same dismal curve...

Author: /time Magazine | Title: The Future of Energy: Viewpoints: It's the End of Oil / Oil Is Here to Stay | 10/23/2005 | See Source »

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