Petrol Price crisis......

[superroo]

Originally Posted by zipping

I learnt about peak oil during an economics degree in 1990 went back in 2001 and the lecturers went on and on about peak oil and I bet there's no chance those academics would concede peak oil is another failed theory a bit like...so good to see BP Ultimate so low

Peak oil theory isn't a failed theory, it's just as time (technology) has rolled on and prices have increased the previous "unviable" oil fields are now worth drilling, eg Bakken Shales in Dakota.
So the theoretical peak keeps moving.