Re: Peak oil
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My simple theory is this:
There is PLENTY of oil still available. Once we hit the top of the bell curve, we will see prices begin to rise. But, there is a point where the public will react. Gas prices have been rising, and people have been complaining, but have you really seen that many hybrid cars on the roads? No. Gas is just expensive enough for us to complain, but not to react to. If it went to say, $10 a gallon, beleive me...you'd see a change. The big oil companies (which are in the oil business because it's the most profitable) will eventually have to do something to keep the money coming in. The world won't continue to buy conventional fuels regardless of price.
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Excellent point.
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