Anticipated Effect of Peak Oil

Submitted by Wallace Edward Brand (United States), May 5, 2008 at 19:22

M. King Hubbert has already correctly predicted US peak oil in the 1970s. There is no reason to believe his prediction for world peak oil will not come to pass. Some think it occurred in 2004. A delay in peak natural gas for about 10 or 15 years, , however, will give the Islamists a few more billions of dollars and its import will provide some wonderful targets for them. The price may rise to $200 per barrel or more or per MCF, albeit for fewer barrels or MCF.

I am hoping the transition to electric cars and to hydrogen fuel cells will come quickly. We have a 200 year supply of coal. All we need to do to use it is to get rid of Albert Gore and others who are spreading bizarre theories of Global Warming faster than the Islamists spread their Salafist doctrines. Maybe someone will employ Ockham's Razor to that end.

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