[theBuckwheat]

The only thing that counts is the price of the fuel product we want to buy. In a free market, the price guarantees the supply, for more surely than any government law, regulation or policy.

“Peak Oil” is no more about the availability of crude oil than “Global Warming” is about the ever-changing climate.

People who worry about “Peak Oil”, are ignorant about basic economics: substitution, innovation, improvements, efficiency. At $3/gallon, the price of gasoline is already at or above the break-even cost of some other proven conversion technologies. Gasoline in Europe is around $6/gallon. At that price, we could convert municipal garbage and sewage sludge into motor vehicle fuels and have all we wanted to buy.

[tx_eggman]

Gasoline in Europe is around $6/gallon. At that price, we could convert municipal garbage and sewage sludge into motor vehicle fuels and have all we wanted to buy.

Except that the higher price in Europe isn't a reflection of differing market forces .. it's simply the result of higher taxes there than here.

[tbw2]

Syngas?