[bmwpower]

Funny you should ask, did a project on peak oil theory. The peak oil theory worked well for America because it is one large, but stable economy by global standards, attempts to predict world's peak oil have been futile because as oil prices rise it becomes more financially viable to drill in areas previously deemed too expensive. This is the case of Alberta, previously separating the oil from oil sands was too expensive to justify the investment in capital, but with rising price of oil companies have now begun to extract oil, thus using the second largest reserve of oil in the world, which previously had been untouched, and as oil prices rise, more oil becomes available for the same reason, so I think its unlikely to peak in the near future...