Originally Posted by mynameisjim

Peak-oil is real. It's just not happening now. The falling dollar and huge amounts of cash being pumped into the oil sectors are driving the price up. If the dollar was still strong the price of oil would be well under $100 PB.

Plus, when oil does start running out and prices skyrocket, the incentive to create some kind of alternative energy will be so huge that venture capitol will flood in like nothing we've ever seen before. Whoever can make an energy breakthrough will pretty much own the world and be the biggest company on Earth almost overnight. Money solves everything and right now, the price of energy is just not high enough to fuel real innovation. But it will.