With the price of oil at record highs and the limited spare capacity unable to meet the growing global energy demands, the news media are revisiting Hubbert's Peak again. Predicting oil's peak is really a guessing game. However, its occurrence is not! Someday the world's oil supply will peak.

Why do most people disregard the “peak oil” issue? For decades, there had been arguments by so-called industry experts claiming “Oil will never run out” or “Great new discoveries are around the corner” or “Reports indicate proven oil reserves to last 40+ years” or “Oil sands and other unconventional oil wait...

You do not currently have access to this article.