JEM

GM May Hit $200 Before Oil Does

Peak oil? That is a theory, and then all of a sudden our known reserves expand, so the science surrounding the actual arrival of peak oil is as suspicious as that of global warming.

Alternative energy has been getting a free ride on subsidies throughout the world, particularly the US and western Europe. Wind cannot survive without it and now new studies suggest that due to generation fluctuation on windmills (the wind sometimes doesn't blow) the required infrastructure to back up a reliance on wind is almost as much as if you didn't use wind in the first place. Without any evidence I still like solar way long term, but we have some time to go. Nuclear power is the obvious choice for power generation, which would leave more and more oil available for transportation fuel until battery technology comes around. No way doe this all happen in 5 years. Oil will be around for awhile. And we will keep finding more of it until we find something cheaper, which eventually we will.