[monday]

"This could have been done starting 30 years ago. It cannot be done now, it's too late."

lol....you got that backward. Technology costs have gone down dramatically in the last thirty years. These plants could not have been built 30 years ago, now they can, if they make economic sense. If the price of oil remains at $40 a barrel it may make economic sense. May still be cheaper to find oil than convert it, in which case we will.

Don't worry, the sky isn't falling, and we are not about to run out of either oil, or energy.

[RightWhale]

No, that isn't the peak oil thesis anyway. We're running out of cheap oil. Another name for peak oil is peak easy.