Reply #6: Don't assume anything about Peak oil from either side of the spectrum

[hiphopnation]

is my position. There's enough out there that provides compelling evidence in support of and to the contrary of the peak-oil theory. Lots of folks have come up with lots of different theories on just how much oil is left. There is a fringe element who estimate that the crash is coming in five years but, on the other side of that, there aren't many "experts" that predict us having much more than fifty to a hundred years of supply left at the rate we currently consume it. Most of these estimates, however, don't take into account China and India's growing appetite for oil. Here is a very balanced piece from the Christian Science Monitor. An amazing factoid from this article:

The competition for oil resources not fully under contract is expected to get rougher. It could be especially crucial for consumers in North America, who on average use up more than their body weight in crude oil each week.



Of course the sites to visit if you really want to freak out are:

www.peakoil.com
www.peakoil.org
www.peakoil.net
www.hubbertpeak.com <-------- Dr. M. King Hubbert, a geophysicist who did a lot of research on the topic. This is a great site, chock full 'o information.

Also check out www.lifeaftertheoilcrash.net but proceed with caution at this site. It is bound to keep you up in fear for nights on end. This is the work of a California lawyer. He's written a detailed book on the topic and it's downright frightening. There's a Nostradamus quality to his stuff.

Good Luck!!