Not necessary agree or disagree with this material from The New York Times.

This is just the alternative opinion to what is presented by Jeff Rubin (former economist at CIBC bank) in his book. It always pay to see the both side of the rainbow.

"Peak Oil’ Is a Waste of Energy

http://www.nytimes.com/2009/08/25/opinion/25lynch.html?_r=1

REMEMBER “peak oil”? It’s the theory that geological scarcity will at some point make it impossible for global petroleum production to avoid falling, heralding the end of the oil age and, potentially, economic catastrophe.

Well, just when we thought that the collapse in oil prices since last summer had put an end to such talk, along comes Fatih Birol, the top economist at the International Energy Agency, to insist that we’ll reach the peak moment in 10 years, a decade sooner than most previous predictions (although a few ardent pessimists believe the moment of no return has already come and gone).

Like many Malthusian beliefs, peak oil theory has been promoted by a motivated group of scientists and laymen who base their conclusions on poor analyses of data and misinterpretations of technical material.

But because the news media and prominent figures like James Schlesinger, a former secretary of energy, and the oilman T. Boone Pickens have taken peak oil seriously, the public is understandably alarmed......to continue see the link below.

http://www.nytimes.com/2009/08/25/opinion/25lynch.html?_r=1