Peak Oil – Getting Greased

With all the various comparisons of the price of a barrel of oil to water, or milk, or say Starbucks coffee  one other comparison bears making–


** Peak Oil:  is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.  It is often confused with oil depletion; however, peak oil is the point of maximum production, while depletion refers to a period of falling reserves and supply.