The article presents an outlook for oil production around the world. In 1938, oil was discovered at Dhahran, near the Persian Gulf, and a small oasis became a modern city, complete with the sleek headquarters of the national oil company Saudi Aramco. Once life was like this for oil workers in Texas, where roadside oil wells were symbols of a new American prosperity. Oil drillers struck a geyser of black gold at Spindletop, near Beaumont, in 1901, and landowners were soon selling $100 tracts for $20,000 and more. Despite the reliance on it evident in nearly ail strategic energy planning, Saudi oil is also a finite resource, and some fear that the desert kingdom may be the next mega-producer to lose momentum. With consumers paying $2.50 or more for a gallon of gasoline at the same time ExxonMobil Chemical Co. and other oil producers are raking in the largest corporate profits in history, people are at least finally paying attention. The age of cheap oil is definitely over, and even as our appetite for it seems insatiable, petroleum itself will end up downsizing. Peak oil may be closer than people think.