CNBC Poll: Do You Believe In The Peak Oil Theory
The recent run-up in crude oil prices may be as much about market speculation as rising demand from an improving world economy, but it probably won't be long before some market pundits start talking about the supply side of the equation.
Optimists say there's plenty of untapped oil in the world, especially when high market prices allow firms to spend more money on exploration and extraction. Skeptics, nay pessimists, say there's a finite amount and we're near or at the peak. From there, oil will become ever more precious and expensive.
What do you think?