'Era of cheap energy is over,' says Buckee

“It depends on what kind of oil you're talking about. If we had not peaked on light sweet oil, why else is so much money pouring into Fort McMurray?”

Global oil production has peaked and will soon decline resulting in higher prices for consumers, Talisman Energy Inc. via Calgary Herald

[jaykayel]

And to think all these years we could have been paying high taxes at the pump, thus eliminating to a large degree today's ripoff. Let the dollars stay in the US, not flow outside the country faster than the oil coming in. Use the psychological component of TAXES to change CONSUMPTION - that is responsible governance.

But no, W has been consistent in bankrupting the US Treasury with His horrible concepts of government...and boy has He been on a roll!