The document describes the Colpitts oscillator circuit. It consists of an LC tank circuit made of capacitors and an inductor that produces sustained oscillations. The capacitors provide positive feedback to sustain oscillations at the resonant frequency of the tank circuit. It works by the energy transferring between the capacitors and inductor in the tank circuit. The Colpitts oscillator can generate high frequency sinusoidal waves and is commonly used as a local oscillator in radio receivers [END SUMMARY]