Yesterday, in Virginia, I filled up my gas tank for $2.75 a gallon. At that price, even old peak oilers like my wife and I hardly think about poor old King Hubbard’s theory much these days. And though gas has been cheap in the U.S. for the last six months or more, I still think Hubbard was right that global oil production naturally has a point of peak production. I used to think that the peak of world oil production already came in 2006 . But with the rise of fracking and other extreme fossil fuels, now I’m not so sure. Could the oil peak come a decade or more in the future as the optimists mentioned in the infographic below predict? Or could the whole thing be some kind of confusing shell game, with financial markets moving petro dollars around in clever ways to make it look like […]