More Peak Oil

What if we had reacted to the predictions throughout the 1970s and 80s that we would reach peak oil in about 2000? Do you think that some of these proposed changes would have slowed economic growth and prevented the world from being in the current position of paying an ever-dwindling share of total output for oil? What other difficult-to-anticipate changes might some these interventions have had? Could the idea of purposely restructuring the transportation, housing, and agricultural sectors of the U.S. economy based on a prediction for an event that we have proven to be very bad at predicting – and for which the world’s leading experts refuse to provide anything other than very broad guidance – induce a sense of humility? It does in me.
National Review