Peak Oil

I just had to mention this article about peak oil. It gives a nice, objective rundown about what this "peak oil" thing is all about. Quote of choice:

Cornucopians discount the threat Peak Oil represents by insisting that the market will adapt. Of course, they are correct, but they suffer a failure of imagination to consider what the market's adaptations might include. Genocidal warfare is a very efficient way to reduce demand, for example. As Tainter highlighted in Collapse of Complex Societies, collapse is an economizing process.

Food for thought...

Via reddit.

posted Saturday, December 3rd 2005 at 15:27 | permalink