I apologize in advance if I'm not entirely clear, it's late and I'm still at work wrapping a project on Friday night
I enjoyed hopping back and forth over the fence and seeing both sides of this debate as good points were brought out by both sides. As Cornholio said, it's certainly a rollercoaster of emotions as you go between wanting to give up and then rallying yourself with optimism.
Regardless of where we're at on the Peak curve maybe there's a way to see what's coming, good or bad, and that might be by watching the actions of the Oil Companies themselves. If anyone knows when Peak Oil is going to happen it should be them. But like many have said, probably our last clue that we're doomed is when the prices have continued to ratchet up, and up, and up, and never come back down.
But we have to watch for some clues, so just what is it that we watch for? I ask that because it's a safe bet that while they prepare to drain consumers and industry of their last dollars, the Oil Companies won't sit on their hands and say, "well the holes have gone dry and we've got all of their money, so it's time to close up shop and go home.":!: They won't give up that easy. Especially if they think there's any possibility of transitioning the consumers or industry into another form of energy and keeping their profit machines in operation. Now as Omar and Thuja said, even if they further developed some known technology or even came up with something new, it takes time and scale to ramp up and change over and they could probably only replace a portion of what we had. But wouldn't that be something to watch for? To see if the Oil Companies start to pour dollars into research & development of new technologies. To see if they finally start to delve into existing technologies. And maybe see if they start to buy up companies involved in other forms of energy.
Now the downside to all of this and why watching the Oil Companies might not help is the same problem the public currently faces with trickle down technology. Sure we have satellite phones, carbon fiber, gps, rfid chips and Google Earth. But my friends if we have that, you can only imagine what the government and the industry elite currently have. And what they might be developing:!: So they could potentially keep the next technology hidden until it's finally time to bring it forth.
They're sitting on billions of dollars in profits so if anyone has the time and "energy" to throw a few hundred million at the next money machine, it's certainly going to be the Oil Companies. They hate losses and probably pass on oil wells that we would call good, only because they don't meet a minimum level of profit for them. So they're motivated by profit to move onto whatever is next.
Lastly, watching the media is probably the worst way to figure out what the Oil Companies are up to. So please toss out your comments on what we should be watching for.
And thanks again for all comments from optomists, pessimists and "concerned citizens" alike.
Encode
San Diego, CA
PEOPLE SHOULDN'T BE AFRAID OF THEIR GOVERNMENTS. GOVERNMENTS SHOULD BE AFRAID OF THEIR PEOPLE.