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The industrial doomsday scenario put forward by peak oil theorists isn't just for far flung voices on the Internet anymore.
Peak oil is not a problem of Earth's supplies: there's plenty of oil in a variety of forms. The difficulty is in how much energy it takes to recover and process it. And if it hasn't happened already, soon the demand for energy commodities will soar past existing production capacity and crash headlong into the brick wall of declining discoveries.
The economic effects of th
Originally posted by xxshadowfaxx
Peak oil is a myth. It just gives them an excuse to charge MORE for it. Don't believe everything you hear. There is
enough oil to make the world go round for another 1000 years.