Fossil fuels are finite and the world's oil supply will run out at some point. Furthermore, some of the world's political tensions are driven by an increased demand for energy resources. This title explores the economics involved with oil. Background on America's early oil experiences and discoveries is covered before the discussion turns to current events. The term ''peak oil'' is defined, and worldwide supply and demand as well as U.S. foreign policy in relation to oil are discussed. This timely book also explores oil depletion, climate change, global warming, and how alternative energy sources and conservation are necessary for the future.