[Leanan]

LiveScience posted an article about peak oil today. It seems to be based at least partly on Deffeyes' work:

$this->bbcode_second_pass_quote('', 'B')ut many scientists warn that there will come a day when rising oil prices will not be due to political or economic pressures, but because a natural peak in global oil production will have been reached. Once we reach this tipping point, known as “Hubbert’s Peak,” global oil production will begin an irreversible decline and less oil will be available with every passing year, scientists say.

Energy experts no longer debate about whether Hubbert’s peak will occur, but when. On this point, estimates vary wildly. Kenneth Deffeyes, a Professor Emeritus at Princeton University, believes it has already happened—in late 2005. Others figure we still have another 20-30 years.

One thing that many experts do agree on, however, is that when we do hit the peak, steps like those Bush is advocating will not be enough.