The church of Peak Oil
This paper's main editorial page carried a piece last week by Peak-Oil promoter Richard Heinberg of the California-based Post Carbon Institute. It noted that Mr. Heinberg was due to speak in Toronto on Monday night. Call me a masochist, but I decided to attend. To say that I did so with an open mind would be untrue. But then I don't approach astrology or Fidel Castro with an open mind either.
The problem with Peak Oil the theory isn't that it's wrong in noting that industry depletes resources, and that oil may, sooner or later, reach a production plateau, it's that it sees those facts through a moralistically-charged and economically-challenged lens. It also embodies extraordinary faith in Big Government and grass roots activism.
PO Theorists fail -- or more precisely refuse -- to grasp that the best method of dealing with any form of commercial scarcity is market-based ingenuity, not some weird combination of Big Brother and Hippie co-ops.