Golly, I'm just so sick and tired of these wacko, fringe publications predicting that the world may be about "to plunge into a new Dark Age" due to peak oil. Talk about hyperbole!!! Here's the latest rant, published by some crazy outfit called "Business Week." Among some of the outrageous claims the obviously deranged author advances are these numbers:
"All alternatives—geothermal, solar, wind, etc.—produce only 3% of the energy supplied by oil. If oil demand rises by 2% while output remains flat, generation of alternative energy would have to expand 60% a year. That's more than twice the rate of wind power, the fastest-growing alternative energy. And all this incremental energy would somehow have to be delivered to transportation (which consumes most of the oil produced each year) just to stay even with the growth in demand."
So, this raving madman draws the following set of conclusions: "With nothing to fill the gap, global economic growth would slow, stop, and then reverse; international tensions would soar as nations seek access to diminishing supplies, enriching autocratic rulers in unstable oil states; and, unless other sources of energy could be ramped up with extreme haste, the world could plunge into a new Dark Age."
Well, I don't know about you, but I've had enough of these fringe publications and their lunatic rantings. From now on I'm sticking to the mainstream business press, which wisely recognizes that "the market" will take care of the problem, if there really is a problem at all. "Business Week" - with a wacky name like that, you know it must be run by a bunch of people on drugs or something.