This is not a myth. You do a ton of dd on KRY. Well I do more on peak oil. It is real. It is here. It will effect our way of living. True,there is oil in the ground, but answer this for me CJR, why are we drilling miles upon miles offshore? The reason is that there is no easy oil left. All major fields such as Cantarell in Mexico and Ghawar in SA and Burgan in Kuwait are in decline right now. We are going to expend more energy in canada with those tar sands than it will produce in oil. We are not going back to $1 gas. Enjoy the $54 oil price. It won't last. All of the oil companies are lying to you, just like OPEC oil reserves are a lie. In fact OPEC's reserve numbers magically stay the same year after year. Why is that? Because it allows them to produce more oil! Once the lies truly are exposed which will come out when our economy comes out of the recession, you will see .They will not be able to ramp up production to meet the demand and oil will shoot through the roof. It essentially happened this summer when oil shot to 150 and destroyed our economy. The demand for oil in US dropped by 10 percent and is the sole reason for 54 dollar oil. BTW CJR, oil production peaked in the US in 1970!