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Most people believe we will eventually reach a “maximum rate of global petroleum production” after which the world’s supply will go into a terminal decline. This point is known at being at “peak oil”. Some say we’re close to that point already; others believe peak oil is still decades away despite more people than ever are consuming oil. We’ll explore the idea of peak oil; what it means, if we’re there yet and what we need to do if or when we get there.

Guest

• Matthew Simmons, a banking and investment advisor to the oil industry for more than 35 years, and author of Twilight in the Desert: The Coming Oil Shock and the World Economy.

We'll also hear from

• John Felmy, Chief Economist at the American Petroleum Institute