I live in Calgary, Alberta, which is home to most head offices for Canadian oil and gas companies.

Peak Oil is a fairly important reason why I continue to live here despite frozen winters and cool summer evenings.

From an investment perspective, I'm essentially all-in betting on Peak Oil. Job, house, golf membership, cash investments, all of this is contingent on the continued health of the oil and gas business.

The only question about Peak Oil is when, not if. It may have already happened. Price-speculation in 2008 aside, the average cost of a barrel of oil is going up. The price of natural gas has not gone anywhere, which is likely because of shale-gas production coming online in the US. They're not making more oil. . . .