Has anyone noticed how quiet the peak oil theorists have been? Was it a decade ago that they even formed peak oil associations and websites to lobby us on the assumption that oil prices would rocket exponentially until our economies collapsed?
Remember how they argued that oil prices would increase so fast there would not be time to switch to electric vehicles, so food deliveries and the like would become unaffordable? The peak oil lobbyists got more than one thing wrong. They underestimated the market economy. Rising oil prices brought to the market a flood of new oil producers...
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