So here is the deal and it seems simple. Oil is a finite resource, like a one time gift, a tidy endowment, a peachy handout from God, what ever anyone wants to call it--it is a once in a life time deal. At some point, no matter what Sarah says, humans can drill their asses off to get as much as they got the day before and it ain't gonna happen. Now the peakist, cry babies have been yelping this for a number of years with almost no one caring due to mainstream news and our beloved politicians saying it was nonsense.
Damn if in the last year there has not been at least four major agencies put out papers stating that Peak Oil was a National Security issue. First I think it was the US Defense Department (very quiet), then the German Defense Dept (leaked)., then the UK. To top it off the respected but rather shady IEA only last week fessed up to the problem after denying it for years. Ouch!
Now if that is not a pickle I don't know what is. It is well known the other "Alternatives" don't scale up and that includes all of the green fantasies(can you imagine algae and switch grass? ), the atomic(10 years to build and too expensive), the natural gas( also finite and suspected polluter).
To top it off our entire economy is run on growth. That growth is powered by an ever exponentially expanding supply of OIL. Double ouch! Ya, the revolution is creeping in so it is time for me to go play the fiddle, suck a home brews,----and polish my bike.
Here is a nice discussion of the IEA issue. There are many more.
http://www.postcarbon.org/blog-post/188071-the-iea-s-new-peak
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