[DustyMoment]

"Peak oil" adherents continue to insist that oil resources worldwide are depleting.

This nonsense can be traced back to the end of WWI when the oil companies began spreading the story about the oil supply being depleted in order to drive up the price at the pump.

It's an effective strategy that has worked every time they oil companies drag it out - which tends to be about every 20 years or so.

Draw your own conclusions.

[Dan Evans]

This nonsense can be traced back to the end of WWI when the oil companies began spreading the story about the oil supply being depleted in order to drive up the price at the pump.

You can't permanently drive up the price of something by talking about a shortage. The only way to drive up prices is to restrict the supply. From an oil company's perspective it is insane to sit on inventory when the price is high.