Peak of the Devil
Haynes, Chip What's that peak oil thing you keep jabbering on about?
"Peak oil" is the phrase used to describe the point where the world's oil supply, well, peaks. A fairly easy concept there. It's the best we can do, and the best we will ever do, when it comes to pumping conventional crude oil out of the ground. After peak oil, it's all downhill, production-wise.
Too many people think that peak oil means that the oil is going to run out, and that's not qu...