'Peak oil' refers to a belief that growing oil demand will outstrip finite oil supplies. Peak U.S. oil consumption is premised on the belief that 2007 marked the peak, population increase notwithstanding, due to efficiency, biofuels and batteries.
Apr 20, 2009 The Wall Street Journal
$147 per barrel oil prices set off a frenzy of new domestic oil drilling that has all but ceased with $46 per barrel. The drop in natural gas drilling has been even more pronounced. When demand returns, domestic oil and gas supplies will likely not.
Mar 16, 2009 The New York Times - Business
In his first foreign trip, President Obama will meet with Canadian PM Harper to discuss, amongst other topics, the environmental impact of mining Alberta's oil sands.
Feb 24, 2009 The Washington Post