"Peak Oil Is Not a Theory" - Roscoe Bartlett
"Just as Hubbert was right about the United States, peak oil has occurred in other countries and global peak oil will happen. Oil production is declining in 33 of the world’s 48 largest oil-producing countries. The Associated Press just reported that Texas oil and natural gas production declined five percent in the first nine months of 2005. Global “Peak Oil” has not yet occurred, but will mark the maximum annual world production of this source of cheap energy. It has utterly transformed America and the world in the past 100 years."