Peak oil is the theory by M. King Hubbert that oil production will peak at a certain level then decline. He predicted to the year when production in the US peaked, and he has done the same for worldwide production. His theory is that oil demand will exceed production, thus driving the price up and forcing exploration into harder to extract sources of hydrocarbon energy. The difference in the supply curve and the demand curve is the peak. Check out www.hubbertpeak.com
If the American People allow private banks to control the issuance of their currency, first by inflation, then by deflation, the banks..., will deprive the People of all their Property,...Thomas Jefferson
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