1. Consider the arguments in support of peak oil theory and the arguments against it. Then draw a graph that shows your predictions of world oil production from now until the year 2100 (measure annual world oil production in billions of barrels on the vertical axis and time on the horizontal axis). Defend your predictions.

2. What do your predictions imply about the price of gas at the pump over time?

3. It appears that the supply of oil and natural gas is very large. Discuss some potential problems that might arise even with such a large supply.

4. Consider the following statement: “There are so many uncertainties that must be taken into account when trying to predict the supply of, and demand for, oil that it is impossible to have any confidence in anyone’s predictions.” Do you agree or disagree with the statement? Explain your reasoning.