by Pops » Fri 07 Sep 2012, 11:48:06
Welcome V.
I think the key question is not "Is there enough?" because for decades, "enough" has effectively been whatever amount we could find an excuse to burn. The EIA has always forecast future oil supply by forecasting future demand then simply changing the label to "supply".
If peak oil is rational, then it follows that at some point there won't be what we've come to see as "enough". The question then becomes, "how will the world economy deal with less than enough?"
To an extent, conservation and alternatives can increase economic activity and offset some of the loss of production due to higher energy prices. But at some point, conservation becomes contraction, the economy shrinks, incomes shrink and jobs are eliminated.
Peak oil is rational. Simply pronouncing "There is Enough for a Long Time" is the opposite.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)