Peak Oil and the Great Financial Crisis - What Happened?

The 80s were a boom time for the economy and marked the beginning of an epic bull market in stocks. The good times continued through the 1990s, and it wasn't until the dot-com bust in 2000 that the music finally stopped for the economy. Speculators in crude oil markets would soon become obsessed with a hypothesis known as peak oil. They just failed to anticipate that the energy crisis they feared back in 2007 could easily be delayed by at least a decade or longer.