Re: Aha!@TeeCee
Peak oil seems to me to be an impossible theory, unless we physically have burned every last drop on earth, which is unlikely to happen. The stone age didn't end because we ran out of stones, nor the bronze or iron ages.
As the cost of oil rises, known pockets of oil that were once uneconomic to extract become economic with existing tech. New tech that was once uneconomic becomes profitable, further increasing the avilable oil.
30 years ago when I was at school we were told oil would run out in 50 years. Amazingly, 30 year of rising consumption later and we still know it won't run out for around 50 years.
One of the principal reasons the enviornmental movement are so vehemently against fracking, is that it alone would put peak oil back to something their grandchildrens grandchildren might want to consider as possible.... but only if the generations inbetween were too lazy or stupid to develop better extraction methods.
There's so many people alive now that incidences of true genius have to be rising, which should expand humanities frontier faster than the generations that have gone before. The future doesn't glitter like gold; It's far better than that.
Biting the hand that feeds IT
