HappySqurriel on 14 July 2010
Peak Oil is a tempest in a teapot ...
The proven reserves of economically viable oil at any particular price level is (mostly) fixed, but as the price of energy increases the proven economically viable reserves also increase; and there is a reduced demand on energy. At the same time as the price of energy increases the number of economically viable ways of producing energy increases, and as time goes on the affordability of these methodologies is increasing.
