Peak oil is a fallacy that will never die
No one—aside maybe from survivalists who’d stocked up on MREs and assault rifles—was really looking forward to a peak-oil world. Read this 2007 GQ piece by Benjamin Kunkel—while we’re discussing topics from the mid-2000s—that imagines what a world without oil would really be like. Think uncomfortable and violent. Oil is in nearly every modern product we use, and it’s still what gets us from point A to point B—especially if you need to get from A to B in a plane. If we were really to see the global oil supply peak and decline sharply, even as demand continued to go up, well, apocalyptic might not be too large a word. And for several years in the middle of the last decade, as oil prices climbed past $100 a barrel and analysts were betting it would break $200, that scenario seemed entirely plausible.
But there was an upside to peak…
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If people sincerely believe in the C02 emissions are dreadful theory – then they should hope for nuclear fusion (cheap nuclear fusion) in the long term, and back the DEREGULATION of nuclear fission now.
The web of regulations do not make nuclear power (nuclear fission power) safer – quite the reverse. What the regulations have done is keep up the cost of nuclear power (which should be vastly cheaper than it is) thus meaning that people have stuck to oil and coal.
As for “renewables” – wind turbines are corporate welfare for General Electric and co, and solar cells are (so far – things may change with new technology) a big taxpayer subsidy for China.