Got into a disagreement with a guy on our Alaska forum yesterday. He says we're at "peak oil" which means we've picked all the low-hanging fruit, and oil will get much more expensive in the future. I don't know.
What I do know is that I can remember when gas was 25-cents/gallon.
Right now a silver (pre-64) quarter will bring $4.23 from the Silver & Gold Exchange, and a silver quarter will still buy a gallon of gas.
So if we're at "peak oil," whatever the hell that's supposed to mean, why is gas selling for essentially what it did 50 years ago?
What's the story? Is this "peak oil" stuff just more doom-and-gloom malarkey, or is there something to it?
Help . . .