The Peak Oil theorists have a message to the whole world. The oil resources will run out quickly and the days are not far off for the Oil reserves to be exhausted.
When I pondered over this theory what struck me is a far more serious fact that is often neglected. The truth is the difference between oil demand and actual supply is fast widening. The reserves may last for another 40 years but – how fast do we consume and what is the rate at which the stocks are consumed is what determines the oil prices in future.
Renewable energy and alternative energy can not really bridge this gap effectively across all countries. The consumption and demand patterns are different for each country.
So the question is what we do about it and what are the solutions? I thought reading the blog on lifeaftertheoil.com deals this subject at length.
Any views?