There is PEAK OIL and there is peak oil. When people usually refer to this hysterically it has apocalyptic undertones. Obviously oil production will peak, I just don't think that it will be that big a deal. It is quite possible that oil production will peak and then fall off because of falling demand rather than availability... There is plenty of oil that is just expensive to get to or process rather than unavailable.
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Date: 2010-01-12 01:11 pm (UTC)