Peak Oil: Not Just For Lunatics Anymore

Peak oil theories have been “debased,” but umm, they’re right, says WSJ.

“…plenty of energy experts expect sky-high prices to hasten the development of alternative fuels and improve energy efficiency. But evidence is mounting that crude oil production may plateau before those innovations arrive on a large scale. That could set the stage for a period marked by energy shortages, high prices and bare-knuckled competition for fuel.”