If Peak Oil means absolutely nothing to you (which is very likely) then you can read a good overview here - his site's not been updated since 2009 but nothing of material significance has changed since then to alter its essential message. There are many other sites where you can find up to date information. A recent column in the Daily Telegraph this July put it well:
While there's lots of hype about tar sands and shale fuels, these new technologies often expend more energy than they create, while causing horrendous environmental and water-supply problems. Conventionally-produced crude will remain absolutely critical, and demand for it will spiral, until mankind bans the internal combustion engine, outlaws ammonium-based fertilisers, dismantles the global pharmaceutical industry and learns to live without plastic. I can't see that happening anytime soon.Me neither!
Here's a short video by Richard Heinberg from the Post Carbon Institute about why Peak Oil has not gone away, even if George Monbiot seem to think so.
It's worth a watch.
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