otis the impaler

The 'Peak Oil' Myth: New Oil Is Plentiful

No matter how high the cost of oil there will be no "demand destruction".

Just like "food" or "air" or "water", oil has become a "necessity".

It's like saying if we just raise the price of chemotherapy high enough people will stop getting cancer.

Aids didn't stop people from having unprotected sex, emphysema does not stop people from smoking cigarettes and high oil prices will not stop people from using it.

The 'Peak Oil' Myth: New Oil Is Plentiful

Your very first "fact" is full of "maybes" and "could-bes".

The rest of the "facts" just confirm that "cheap" - "easy" - oil is behind us. Therefore "confirming" not "refuting" the so called peak oil myth.

An Energy Policy that Makes Cents (and Sense)

There are only two solutions 'if' peak oil is a reality now (meaning now or in the next ten years).

The first is the 'immediate' discovery of an as of yet unknown alternate source of energy that is on par or exceeds that of oil. Like the 'dilithium crystals' that power the Star Trek Enterprise. None of the current alternatives are scalable on a level that can sustain our current lifestyle and population or they are hazardous to our health and the longevity of the planet itself.

The other solution is mass enlightenment or an overnight evolution of our species that immediately allows us to realize that the civilization that we have created is simply not sustainable in the long run. This won't happen all on it's own. It might happen if the worst case scenario of peak oil becomes reality but there is no guarantee. What ever comes after the fall of this civilization may be even worse. Unbridled growth does not work on earth. The universe may be a different story. But we live on a planet where growth appears at least to be limited by natural forces.

So sit tight. Do what you can to prepare for the possibility. But don't forget to live a decent life today.