Al Gore: we're at or near peak oil
KING: Gas prices -- we've only got a minute left.
KING: Gas prices going to go down?
GORE: Well, I've seen a number of -- over the last several decades I've seen this happen several times, where they spike and then they do come back down.
But each time they go to a higher plateau. We almost certainly are at or near what they call peak oil, defined as having recovered a majority of the oil reserves at a certain price, affordability range. And so with the new pressure on the consumption side from China and India, if they come back down, they won't stay down long.
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