Originally Posted by Donger
I honestly don't know enough about the theory to believe or not believe it.
In a nutshell, it entails the supposition that at some point, the worlds total barrels per day production would peak at a certain level as a planetary maximum output.
At the same time, the demand for oil would continue to grow thereby causing prices to skyrocket to obscenely astronomical prices like 9 dollars per gallon for gas, and 200 dollars per barrel of crude.
I say, drill for oil in Alaska, drill it deep, just in case the "oil regenerates itself" people are correct.