Just wondering what ever happened to the Peak-Oil conspiracy ,there was a post a long time ago in the other site,that went on for several posts about the Oil depletion in around 2006 and the world was running out of Oil and oil prices rose but now are a lot lower then prices in 2006,but now with Iran back in the free market world and will undercut all the other Oil dealing countries,then you have the massive Tar sands of Alberta that contain hydrocarbons that can fuel the entire world for over 100 years,inbetween with all the "PHD'S" in China someone out there will be thinking about discovering a new power source just like steam power changed the world..
No such thing as peak oil. Reminds me of the horse manure anecdote where a New York prognosticator of the 1890s concluded that by 1930 horse manure would rise to Manhattan’s third-story windows. A public health crisis of almost unimaginable dimensions loomed. Of course in reality, cars quickly replaced horses and no such disaster occurred.
Yeah, it's called electricity and it wasn't the Chinese that found a solution, but a group of guys (JB Straubel, Martin Eberhard, Ian Wright, Marc Tarpenning) and then a South African by the name of Elon Musk came along and made it what it is today. Here's a picture of one of cars - they're truly beautiful machines.
Peak oil crises ended when prices in the US got to a point where investing in fracking became viable. US now produces more oil than Saudi Arabia, is on its way to energy independence, and the price of oil has fallen as a result.
hydrocarbons in reservoirs are finite and non replenish-able. Will be interesting to see when KSA's Ghawar and Burgan fields start to get a bit more 'water-wet' and they are not able to so easily turn on the taps.
Economics and technology. Oil prices got to a point that stimulated research and investment in infrastucture for enthanol production, and the development of engines that needed a lower blend of fossil fuels and less of it, or none at all. Development of fuel injectors that work at higher pressures burn fuel more efficiently that produce more power from less fuel.
