Peak oil is definitely here to stay. Oil states have figured out they need to milk
their resources for all they’re worth as opposed to keeping price controlled for the
sake of USA internal politik.
While there’s some very interesting analysis out there on how we got here and where we’re heading in the near future some insta-pundits are doing forecasts on the 30 to 40 year range which is idiotic and in some cases down right funny.
Around one week ago I caught a debate on BBC Prime (or was it World ?) about the
oil crisis where a commenter declared the oil would keep rising in the 40 year
scale, there was no way out of it and and there was no way technology could save
That’s it, people are declaring on TeeVee there’s no way technology will rid us of oil based economy in the 30 to 40 year time frame.
Luckily there was someone with some sense on the show who pointed out the peak blubber oil crisis 100 years ago where everybody was worried about how they would be able to light and warm their homes given the rising price of (blubber) oil. So, you don’t need to be a technologist, engineer or scientist to figure out there will probably be a technology way out of all this. All you really need is a brain!
More about this in /green