Over the past year, American drivers have found themselves longing for the days when two dollars per gallon seemed expensive. Oil prices are rising at an unprecedented rate, and as a result, many are questioning whether the Earth's available oil supply has reached its peak. Are there still oceans of oil awaiting our discovery? How much pain you'll be feeling at the pump in the future depends on the answer.
The problem is that the reserves are has proven unpredictable. In 1914 the US bureau of mines predicted we would run out of oil in 10 years. In1939 The Dept of Interior... Read More
- tbcass | December 18, 2008 4:22AM
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