Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return to the days of $1.50-a-gallon gasoline isn’t going to happen.
Continue reading Is Oil Output Peaking or Not? Either Way, Cheap Oil Is Gone for Good
Is Oil Output Peaking or Not? Either Way, Cheap Oil Is Gone for Good originally appeared on DailyFinance on Fri, 11 Feb 2011 18:00:00.