In October, the price of oil soared to over US$55 a barrel and set off alarm bells around the world. Oil prices haven’t been that high since the early 80s, and some economists warned they could trigger a global recession. On News in Review we’ll look at what’s pumping up the price of oil, and what it could mean for Canadians. We’ll also examine a debate that’s raging in the energy industry: has world oil production peaked? Is the age of cheap, abundant oil coming to an end?