From the Doom and Gloom dept.:

Peak Oil: Life After the Oil Crash

finally took a moment to look up the reference to Peak Oil meme that I have encountered on the web recently. Read this for your doom and gloom quotient for the week. Some parts of it can be funny such as when they quote their own research in the "how much oil are we discovering?" section. Read it with a grain of salt...

Then for a counter-point look at the Abiotic Theory of Oil Formation and the related theories of Thomas Gold, Deep Hot Biosphere. The abiotic theories are much more in line with what we have observed in deep speleunking and exploratory drilling where there should be no oil.