Peak Oil - It's Still Coming, It May Be Delayed Though

Wednesday, October 7, 2009 - 20:35 in Mathematics & Economics

If you're a child of the 1970s you remember peak oil - it was a book that claimed by 1992 we were going to reach maximum capacity and then it would gradually become more scarce.   If you're a fan of science fiction, it meant a world where oil was worth more than gold and we machine guns on cars to fight over stuff.  More likely we would come up with an alternative, but not before government lobbyists got subsidies for things we know won't work. Peak oil hasn't happened yet but it's still being discussed.   Like that guy on the corner yelling the end of the world is near, he will eventually be right and so will the peak oil crowd - it makes sense since there were a limited number of dinosaurs that died to create oil while we have more people than ever buying Hummers....

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