When the congenitally optimistic conservative Ben Stein admits there's something to peak oil theory, and we've got to get off our butts and change the way we live, you know there must be some sort of shift taking place. Excerpt:
Beyond that, what if we are close to peak oil — that point at which we have pumped out more than half the oil on the planet? What if supply slips and demand continues to skyrocket, as they are already doing, and these trends continue indefinitely? What if the world has a bitter fight over its remaining oil? Even if this battle is fought with money and not guns, we are at a disadvantage with our pitiful currency and our budget and trade deficits.In my humble view, we are now in a short-term oil bubble. It will pass and correct, as bubbles do. And speculators will make millions, whichever way it goes. But the long run is terrifying. If we are at or past peak oil, if oil states stop or even hesitate to send us the juice, if Canada decides not to fill our needs, we are in overwhelming trouble.
So, what to do? First, we do not kill the geese — the big oil companies — that lay the golden eggs. We encourage them and cheer them on to get more oil. They need incentives, not hammer blows.
But most of all, we treat this as a true crisis. As my pal Glenn Beck, the conservative commentator, says, we need a new moon-shot mentality here. We need to turn coal into oil into gasoline, to use nuclear power wherever we can, and to brush aside the concerns of the beautiful people who live on coastal pastures (like me). And we need to drill on the continental shelf, even near where movie stars live. This must be done, on an emergency basis. If we keep acting as if the landscape were more important than human life, we will make ourselves the serfs of the oil producers and eventually reduce our country to poverty and anarchy.
In that long message sent to Congress 35 years ago, there was an outline of what we needed to do on coal-to-oil and shale-to-oil, as well as wind, solar and wave power. For a generation plus, we have done next to nothing. The hour is late. The clock of destiny is ticking out, as the Rev. Dr. Martin Luther King Jr. said. Let’s roll.
Here's a good, succinct, chart-and-graph-y overview of the peak oil situation from The Oil Drum.
Incidentally, Mexico's oil fields are in sharp decline. According to US govt information, Mexico is the US's third biggest supplier of oil, behind Canada (!) and Saudi Arabia.

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Yeah, and economists have predicted nine of the last five recessions.
Gerry: "Yeah, and economists have predicted nine of the last five recessions."
Actually, they tend NOT to predict recessions. I believe the reason is most economists making public forecasts are on the payroll of a large investment bank or a politician. They do their dead level best to put as positive a spin on the data as possible without losing credibility.
mdavid:
Great stuff, as usual.
Umm.. at least water is a necessity, unlike coffee or orange juice.
But, if you can go entirely without gasoline with as little effort or change of your lifestyle as deciding to do without coffee, more power to you.
And last I checked, I don't think a car would run very far on a cup of gasoline. We buy it by the gallon because most people drive far enough, and often enough (even only counting work and grocery store, etc) that a cup of gasoline wouldn't get you through the day. (I'm not even sure it would start your car, if the tank was dry.)
So, where do you live, or what do you drive that you use less than a cup of gasoline a day? (I do, but I don't even own a car, and am poor. Of course, that only counts transportation, not the plastics in my cupboard, and the electricity used to run this computer, for instance, or heat my water.)
Umm.. at least water is a necessity, unlike coffee or orange juice.
Agreed. The econmic comparison breaks down here. Oil is about as close to a necessity as food these days. Regarding power, oil is the legs of the wolf. It feeds him. OJ just doesn't start wars...although lack of coffee might...
what do you drive that you use less than a cup of gasoline a day?...I do, but I don't even own a car
I'm just like you; I simply don't drive. We walk. Or often bike. It's a grand life. It was even nice when gas was nearly free at $1/gal.
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