1.0 link 118487 <![CDATA[Peak Oil Reader: Where To Start Learning About Peak Oil]]> http://www.huffingtonpost.com/2008/08/14/peak-oil-reader-where-to_n_118487.html Peak oil is the point at which worldwide oil production is reached. Once the oil supply peaks, petroleum extraction will decline, prices will increase and oil will become unobtainable.

In 1956, M. King Hubbert, an American geophysicist employed by Shell Oil, predicted that the United States oil production would peak between 1965 and 1970 in his theory on peak oil.

Scientists have developed a myriad of peak oil forecasts. Some believe that the oil industry already peaked while others...

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