Bill Clinton, half-way through 2006, made the prediction that: “I don’t know if they’re overstating their reserves,” Clinton replied. He added that he expects oil prices will reach US$100 per barrel “in five years or less”.
-- Hm. One and a half years. That's kind of spooky.
PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL! PEAK OIL!
Seriously though, we're kind of screwed on that front.