Beating the Post Oil Drum

The real debate is over when the world peak will hit. On one side, people like Princeton geologist Ken Deffeyes and Houston investment banker Matthew Simmons estimate that peak oil already happened in 2005. On the other side, Cambridge Energy Research Associates in Boston sees “no evidence to suggest a peak before 2020″ and the U.S. Geological Survey in Washington estimates that any peak would occur after 2030.

It isn’t reassuring that the “don’t worry” side of this debate claims we have until 2020 or 2030. Even if they’re right, don’t we still have a problem in less than 25 years?

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