Did anyone see this May 2007 ABC documentary from their award winning science unit? It basically states that they think we are near the end of the oil age... that is, oil production is about to peak and head into permanent decline, causing a growing gap between supply and demand and driving the price ever upwards. See the Crude website here. I have to say, our Aussie ABC has been leading the world on peak oil awareness, with 4 Corners covering it June last year. God help America and Australia... we have some of the highest per capita oil consumption in the world. The Europeans on average use half the oil / capita because of a different city plan.