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    Peak Oil is Here: Now What?

    Wed, 05/02/2012 - 11:37 EDT - Forbes.com - Top Stories

    At least peak oil is here if I?ve understood what the peak oil argument is properly. And my problem with the peak oil argument is that it isn?t really very clear in itself as to what it means. From what I understand at some point we get to the end of cheap oil, we?ve only ...

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      In the requests thread, a number of people wanted me to comment on “peak oil.” The main thing I have to say about this is that I don’t totally grasp the alleged significance of reaching a global production peak. It seems to me that to generate the conclusion of big time oil price spikes you only need the assumption that oil production will grow at a persistently slower rate than the world economy.

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