Yep, had a freeper just the other day swear that we’d reached “peak oil” already.
The whole concept of “running out of oil” makes no sense if you understand economics.
No, we will never run out of oil .. BUT ... we have already passed the point where the oil can be pumped *cheaply* at a rate to satisfy the world. Incremental new oil is getting more and more expensive.
R W Reactionairy perhaps? On this thread amoung others: http://www.freerepublic.com/focus/f-news/1923136/posts
Care to grace us with your take on the coming oil price plunge RW?