The end of oil -- CNN Money

[Lone_Star_Dem]

A small - but growing - group of experts think world oil production will peak in the next few years, to devastating effect.
By Steve Hargreaves, CNNMoney.com staff writer
September 14 2007: 2:50 PM EDT

NEW YORK (CNNMoney.com) -- At some point in the near future, worldwide oil production will peak, then decline rapidly, causing depression-like conditions or even the starvation of billions across the globe.

That's the worst-case scenario for subscribers to the "peak oil" theory, who generally believe oil production has either topped out or will do so in the next couple of years.

What follows depends on who one talks to, but predictions run the gamut from the disaster scenario described above to merely oil prices in the $200-a-barrel range while society transitions to other energy sources.

It's not a view held by most industry experts, including the oil companies, the government and most analysts at the financial houses.

More at link: http://money.cnn.com/index.html

I found it interesting that this was the current lead story on CNN Money.