76% Believe Oil is Running Out

76% Believe Oil is Running Out

04.21.08 posted by pondy 127 views 1 comment
According to a report, 76% believe oil is running out. Most believed the U.S. government is failing to prepare for a future when oil is scarce and even more expensive than the $117 per barrel record hit last week. Around the world, a majority of people believe in peak oil, the theory that says the supply of oil is about as abundant as it will ever be.
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peak oil is an important concept in terms of energy and the future of oil prices. You can read more about this theory here: http://en.wikipedia.org/wiki/Peak_oil

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