We have all heard the doom and gloom of the peak oil reports, or have we?
I'm quite interested in the whole idea, not only because its relevant now, but the alarms about it signalled 2-4-6 years ago by many experts is now coming to light in very real terms. If you have filled up your car recently you will know what i mean.
News.com.au believes that the oil bubble will burst and go as low as 80/90 dollars a barrel, of course news.com doesnt give any proof for their claims and the general lack of journalism seen on the site is nothing short of criminal.
On the other side, http://www.lifeaftertheoilcrash.net/ gives an overview of what to expect backed up by real world figures and proper sourcing which is, a little scary. The point driven home is that we are producing oil at a declining rate and that world demand is becoming alot higher than supply.
Crude Impact is a good flim on the subject most of it is on youtube. http://www.youtube.com/watch?v=rqdw7yhEpIk
Its an interesting topic to discuss, many believe its not going to affect us that much, they say it just means a heavier price at the fuel pumps. Unfortunately its not that simple...