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Has the 'Peak Oil' Tipping Point Arrived?

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peak oil is not a theory but a fact. it is also not a problem to be solved it is instead the solution.

economic growth and the relentless expansion of the human race is threatening the foundations that support it . pollution(water ,air ,earth , extinction.recourse depletion,we need to reconsider the holy scripture of growth -are we trying to fit as many people on this planet at one time? or do we want to take the long view and have lasting civilization that takes an enlightened view of humanity's place in the larger Eco system.Ecology trumps economy the former is primary the later is secondary.

peak oil is good news.

paisan64 of MA 2:31AM March 01, 2012

So you're going long on oil, are you? You're telling me to put the family fortune on USL, XOM, CHV, BP, and TOT?

I'm suspicious of all guaranteed get-rich theories, including this "peak oil". I suspect the world is going to frack it's way out of this, and oil is going to bounce around $80-$120bl for the next decade or so.

I wouldn;t recommend buying an SUV for your 40 mile commute, but other than that....

pjcpjc of HI 7:55PM February 29, 2012

A bit late to the party, aren't you. The peak of crude oil production was 6 years ago. It's a step forward, I guess, that economists are now admitting that the aftermath will include price spikes and some damage to the economy - a lot better than even a year ago when they viewed Peak Oil as another wacky conspiracy theory.

I'm guessing that by 2020 economists might actually concede there's a problem, though admitting they were wrong might take a few decades longer.

Ian Cooper of MD 2:48PM February 29, 2012

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