|
Happy Birthday Ecomodder.
Can't believe it's been 12 years already. I think I've been around for about 10 of those years.
As developing countries increase in wealth, they will necessarily consume more oil. We'll probably see prices increase in the future.
My question is, will peak oil happen due to scarcity, or will it happen due to a transition away to alternatives? Any estimates for the year in which we hit peak oil globally?
Exciting to think I may live through the ramp up to peak, and see some of the taper off.
|