Again?
1882: "only 95 Million barrels remaining/4 years of oil left"
1919: "only 20 years of oil left"
1950: "only 100 Billion barrels left"
1956: "peak oil" by 1970
1980: "only 648 Billion barrels left"
1993: "only 999 Billion barrels left"
2000: "only 1016 Billion barrels left"
2008: "only 1238 Billion barrels left"
The point is not the peak oil will never happen, it's that we have no clue when it will.
Past precedent says prices will rise slightly, technology will improve, and new oil that was once too expensive to obtain becomes obtainable. Here's my prediction: We will switch to some cheaper alternative long before oil ever runs out. There won't be some dramatic crisis where everything goes to shit. It will be a gradual change where oil prices steadily climb and consumption slowly diminishes. Just like has already happened with countless other resources and just like is happening now.
Source and video explanation [Are we running out of Resources?]: http://www.youtube.com/watch?v=AcWkN4ngR2Y
1882: "only 95 Million barrels remaining/4 years of oil left"
1919: "only 20 years of oil left"
1950: "only 100 Billion barrels left"
1956: "peak oil" by 1970
1980: "only 648 Billion barrels left"
1993: "only 999 Billion barrels left"
2000: "only 1016 Billion barrels left"
2008: "only 1238 Billion barrels left"
The point is not the peak oil will never happen, it's that we have no clue when it will.
Past precedent says prices will rise slightly, technology will improve, and new oil that was once too expensive to obtain becomes obtainable. Here's my prediction: We will switch to some cheaper alternative long before oil ever runs out. There won't be some dramatic crisis where everything goes to shit. It will be a gradual change where oil prices steadily climb and consumption slowly diminishes. Just like has already happened with countless other resources and just like is happening now.
Source and video explanation [Are we running out of Resources?]: http://www.youtube.com/watch?v=AcWkN4ngR2Y