Get ready
Peak oil adherents have been predicting that we have reached a point of peak production of oil. This doesn’t mean “running out” it means that we won’t be producing more oil next year (on average) than we did this year. Something that has (again, on average) happened every year.
Yet, our demand will continue to rise. The predictions are that this will lead to price volatility (as supply tightens, rising demand causes price to spike, demand lowers, supply loosens, demand rises again, prices rise, rinse and repeat) and then eventually, tighter and tighter supply. The IEA has been saying through this that we aren’t there yet, in fact giving a rosy picture at first, though they’ve lowered their predicted production numbers consistently over the last years.
Now, it appears those numbers weren’t all that reality-based:
Key oil figures were distorted by US pressure, says whistleblower | Environment | The Guardian .
I’m not doomsdayer. I don’t believe this is going to be the ‘end of civilization’ as we know it. I do believe, in the medium and long term this does mean we are in a period of ‘transition’ that’s going to be difficult for many.
Price of gas at the pump could be in for a bit of ‘fluctuation’ 
.
And for me this adds yet another reason our nation should make a huge push to alternative energy:
1. National Security. Stop relying on unfriendly, war-inducing dictatorships for our source of energy
2. Climate Change. Stop spewing C02 in the air and changing our climate drastically.
3. Economic. Find and develop alternative sources of energy before our economy really hurts.
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