Matt Simmons

As the global community focuses on righting the economic ship of state, it seems worthwhile to take another peek at the "peak oil" debate. The basis of considerable controversy, peak oil is the theoretical point at which global oil production will plateau, and then irreversibly decline. Geologists...

It's a disconnect that has some oil traders shaking their heads, even while other oil industry pros say the condition is warranted. Oil is sloshing around in global markets, but its price remains relatively high at around $50 per barrel. Case in point: Rotterdam, Europe's largest port, is running...

As the immortal Larry King would say, "This, we don't need." One of the few benefits of the recession has been the drop in oil prices. Global oil markets are flush with crude now, primarily due to massively decreased demand, and prices have plunged to around $50 per barrel. But all that could...