Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 01-03-2008, 04:05 PM   #537
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Quote:
Originally Posted by oldandslow
Au Contraire. By defination, peak MUST occur sometime. The devil is how much oil is truly "out there".

You are right on the economics portion of your argument.

Our way of life may shift, imo, before we reach it. 8 - 10 dollar a gal for gas WILL cause transition.

Hyper inflation is never pretty.
I disagree. I don't believe that crude production simply stopped. I believe it is ongoing. I believe, therefore, that there is significantly more crude out there than we know about. Enough to outstrip demand for many, many years to come.

Just my opinion.
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