Earlier this year, the price of energy, particularly oil, was one of the biggest issues in world politics, and particularly American politics (climate change has always been a second-order issue there). The spike in the oil price drew mainstream media attention to a theory that had been doing the rounds of the blogosphere - and, later on, the mainstream media - Peak Oil. To recap, the Peak Oil hypothesis states that the level of world oil production will reach an absolute peak, and then start to decline, on a fairly rapid basis. The consequences? Read more »

