I don’t plan to spend much more weblog time or space to Peak Oil, it just happens to be a topic I am looking at right now. One thing I have not found yet is a thorough and sensible examinations of the likely consequences of no more oil; if I find one, I’ll pass it on.
The single best summary I’ve found of the Peak Oil situation is the long article by Matt Savinar featured on his website Life After the Oil Crash. Savinar is an attorney who is very skilled at sorting through the information available online and assembling it into a comprehensive overview of the situation. The article is structured as a series of questions and answers; the questions are just the questions one would ask when first hearing about Peak Oil, and the answers are not only straightforward but contain many, many links to sources which back up his statements.
Oh, and I finally found one bit of info that is very helpful in interpreting the numbers: each $25 of crude oil price translates roughly into $1 of gasoline price, e.g. today’s oil price is approaching $70, and the price of gas is hovering around $3.