Death of Peak Oil - NOT Likely!

If 2013 was the year the specter of peak oil died, then 2014 is the year sanity returns. Curiously, IEA reports at the beginning of 2013 fueled the death of peak oil hysteria, even as it had previously written about the irrelevance of the supply of oil for the fossil fuel industries survival. If the increasing regulation to contain global GHG production to 450 ppm (the limit for not exceeding 2 degrees C, and the absolute scientific safe limit) does not curtail the shift away from peak oil, it's increasing cost and delining cost of renewables will certailnly result in those cost curves crossing in the not-so-distant future, spurring the rationale shift to renewable energy as the basis for the human economy. [read more]