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Originally Posted by Sun Tzu
The world’s peak oil situation seems to have started frenzy. The question I have is why. Yes it is tied in to global economy, but the bottom line is civilization could survive. Infact there will be a day it will have to. The rest of Earth aside why is there not preparations happening now. Instead the preparations seem to be to grasp as much of the bottom peak reserve as possible. Are suburbia and its dwindling days enough for the complacency that is present to allow barons to continue control?
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The conversion to alternate fuels is probably not going to happen on a large scale while oil is so cheap. I believe that when supplies dwindle and/or when the prices rise to the level where alternate technologies are profitable that innovative alternatives will be developed. Oil producers are wise to set the price low enough to keep this from happening as long as possible.