Well, now I have to believe in Peak Oil. Why? Because there's now an official study that says it's here! It was put out by the Association for the Study of Peak Oil and Gas! They have to know what they're talking about!

The video at the end makes a good point, but my bet is it won't ever be that apocalyptic. The only thing more ingenious than a human being is a human being who sees a pathway to becoming filthy, stinking rich, and there's an entire gigantic royal family of Saudis to prove just how rich someone who can make energy can get.

Off the top of my head I can think of three or four alternatives to fossil fuels that just need more money to become viable. Put it this way... the world was surviving just fine when oil was, what, $140 a barrel, and the stories were coming fast and thick about how this guy or the other guy was beavering away at a replacement. It's not quite half that right now, so the incentives aren't as strong, but they're still there.

Oil is not the most precious resource on the planet. We are. And we'll figure this out, just you wait.