"People who believe the Peakoil theory holds some truth are 'doomers' in the eyes of some people, while there is enough documentation that proves Peakoil is not 100% BS"
The real interests of this are of course the effects decreasing oil production will have on the world economy if the mainstream is not converted to a different alternative energy infastructure beforehand. Since the world economy's infastructure is so heavily dependent on oil, the price of everything else will go up as well as oil (which will skyrocket as the price of oil has been kept at an artifical low for the last several decades by excessive supply), and the economy will come to a crashing and spectacular finish as the world is thrown into super depression and the social instability that entails. More dire predicts based on the reliance of modern agriculture on cheap oil speak of a massive dieoff as the world's food production, some claim, will no longer be able to support a world population above 4 billion.
Armed with such predictions, many peak oilists are strong advocates of alternative energy in the hopes these apocalyptic scenarios don't come to pass.
1. Dude: Things will be like a paradise on Earth forever and ever. Nothing bad will ever happen to us ever again. Human genius can solve every problem no matter how unrealistically dire, just like TV!
Dude2: But your forgetting... PEAK OIL!
2. Unfounded optimism won't move your car.
Largest known reserves goes as follows:
Saudi Arabia with about 25% of the world recoverable oil
Iran with 10%
and Iraq with 10%
The United States is in the biggest pickle of all, with 5 percent fo the worlds population but using up an astonishing 25 percent of the oil the entire world produces every year, the US economy feels even the smallest fluctuations in the price of oil more than other countries.
Dates for when oil production will peak range from anyday now to 2040. But most group in tight around 2010-2015.
For every barrel of oil we use, we discover only one quarter of a barrel, that is to say, we use four times the amount of oil than we find. Oil discoveries peaked in the 1960's.
For a general idea, oil discoveries inside the United States peaked in the 30's and then oil production inside the United States peaked in the early 70's. So roughly fourty years later. Mind you, consumption of oil wasnt slowed down during that time period like it was during the 70's, 80's and 90's by shortages in supply and the following high prices.
So, now knowing that oil production is going to peak, within your lifetime, and that Iraq has the thrid largest oil reserves, do you wonder why the United States is at war?