I read an article in IndyNews Daily that put forth the idea that the oil peak *could* occur as early as 2008. That doesn't mean that the oil is just going to stop in 2008, but it could mean that oil production could gradually ramp *downward* over the next few decades until it is nothing but a trickle.

That's not necessarily a *bad* thing as long as oil demand somehow ramps down along with the supply. It could be done by gradually intoducing ethanol into the fuel supply (E10 one year, E15 the following year, etc), or by gradually increasing the efficiency of motor vehicles (via better engine technology, better hybrid technology, or better construction materials).

I guess the most important thing is for the world governments to *acknowledge* this idea and actually come up with a plan that systematicly decreases our oil demand over a 30-40 year period.