Peak Oil as a concept is definitely valid. Oil is, more than likely (but not certainly) a "finite resource".
However, will Peak Oil arrive next year, the next decade, the next century...or even later?
Technology has had a way of pushing Peak Oil further and further into the future. The very first oil panic was in the twenties. Then, somebody invented the pumpjack. The next oil panic was in the fifties. Then, somebody invented injection.
Then came offshore. And now "fracking" of shale deposits, in concert with horizontal drilling. We haven't seen the last of new technology (unless the government nationalizes the industry).
For the foreseeable future, then, Peak Oil will continue to be a moving target -- somewhere out there in the future.
Well then, they don't really know do they? But they continue running and ruining our way of life by PRETENDING that they know, based on what? Nothing but hot air.
NOTHING has turned out to be correct by the doom and gloomers that I've been having to endure for many years, yet they STILL hold sway over our way of life, why is this tolerated? Who gave these idiots that power? Let's take it back then!
Well said!!!!!!!!!!!!!!