richjoy

How Does the Financial Crisis Affect the Peak Oil Thesis?

I think when the discussion of future oil prices omits the term "peak oil", and focuses on the price impact of supply and demand, almost anyone can have a meaningful conversation and exchange of useful information.

Injecting Peak Oil THEORY changes the focus of the discussion away from supply/demand, and leads to emotional responses that obfuscate facts.

As an aside, I think Peak Oil theory is still a theory (though an important one). I tend to think that as the price of oil goes up, the price will justify the development of new technologies for the successful exploration of new oil fields in presently difficult/impossible places...I also tend to think it may not matter, as higher prices lead to the development of alternatives. The greater the availability of alternatives, the less the impact of oil--peak or otherwise.