Because petroleum has been so instrumental in the development of modern societies and because it is also a finite resource that will some day go into decline, supply needs will fall short of demand at some point. The main focus of this blog is on the arguments put forth by the pessimists. I believe geopolitics will play an equal part in causing a supply shortage before an absolute geological peak, governments will limit their oil production levels
click on above title and see audio to listen to episode 516. Jack does a good job of explaining peak oil for the someone who doesn't understand what it is and why it affect everyone's standard of living.
