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Robert Buck owned a small oil-exploration company in Texas in the 1980s, but lost it along with nearly everything he owned when the price of crude oil collapsed in 1986. Now, 20 years and one career later, he had both the opportunity and the financial ability to lease some acreage and drill a shallow, wildcat well looking for crude oil. Should he do it? Costs must be paid upfront, but revenues would only come from oil production during the ensuing 20 to 30 years, that is if there was any oil in the specific location under consideration. Seeking clues about future oil prices, Buck reflected on the (volatile) role of oil in world history and also examined the current debate on peak oil. Peak oil was the concept that world oil production may soon peak and then fall.