peak oil

Is Oil Output Peaking or Not? Either Way, Cheap Oil Is Gone

Proponents of the peak-oil theory can muster studies and statistics backing their claim that declining global oil output is nigh. Critics point to new technologies and unconventional oil fields as saviors. Either way, a return to the days of $1.50-a-gallon gasoline isn't going to happen.

Are oil prices dangerously low?

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...