jbou

Peak Oil and Climate Change: Re-Tooling Transportation

What about countries with subsidized oil? This exascerbates the peak oil issue because oil usage is not tempered by the appropriate market price

What about the 116 barrels of oil in US territory which has been put off limits politically? I am all for drilling...you need to keep in mind peak oil is about the relationship between oil supply and oil flow. Once we pass the peak flow rate for product wells adding additional oil flow will not offset the decline. I encourage to google Matt Simmons and the oil drum for well reasoned discussions of peak oil