Fitz - couldn't agree more; peak oil is here and in Mexico - which you didn't mention - peak oil may have already passed. Wait until Mexican production declines, then we'll have immigation issues like you've never seen. Meanwhile, oil can go up and down but the polar ice caps are melting, and unless you looking forward to your descendants going to saltwater beaches in, say, Harrisburg, PA, - or perhaps we should lease out all infrastructure in the U.S. to Russia, the Arabs, Iran and Venezuela, seeing as how they have the money, we might want to think about diversifying our energy mix, enacting laws that encourage said diversification, and start coming up with other policies and prescriptions that make wise use of resources, while continuing to encourage capitalistic endeavors. Our reality is that the oil, road-building, military-industrial, and health-care lobbies own the U.S. Congress, and dictate policy and tax codes - until we change that, you can forget about coming up with policies that make life affordable - and healthy - for middle-class individuals.
Oil: The Inconvenient Truth [View article]