What do you really know about Peak Oil and how it affects our foreign policy?

Question

What do you really know about Peak Oil and how it affects our foreign policy?

Answer 1

It is wiping humans from existence.  

Answer 2

Peak Oil refers to the estimated peak production levels, based on current knowledge. It predicts a point in the near future (exact timing depends on your data) when oil production will begin to decline. Then we will see real panic.  

Answer 3

Peak oil is a misnomer

There is lots of oil, just not lots of sweet crude

There is lots of heavy, sour oil, there is lots of petroleum in Tar sands and oil Shale

Most refineries can only handle sweet crude, therefore heavy oil refineries should be built...But then there are the "NIMBY'S"