I'm not really good at writing OP's, so let me quote the almighty wiki.
"Optimistic estimations of peak production forecast the global decline will begin by 2020 or later, and assume major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. These models show the price of oil at first escalating and then retreating as other types of fuel and energy sources are used.[4] Pessimistic predictions of future oil production operate on the thesis that either the peak has already occurred,[5][6][7][8] oil production is on the cusp of the peak, or that it will occur shortly.[9] As proactive mitigation may no longer be an option, a global depression is predicted, perhaps even initiating a chain reaction of the various feedback mechanisms in the global market which might stimulate a collapse of global industrial civilization, potentially leading to large population declines within a short period. Throughout the first two quarters of 2008, there were signs that a global recession was being made worse by a series of record oil prices.[10]"
http://en.wikipedia.org/wiki/Peak_oil
My question is, Do you think the world can avert the worst side effects of peak oil, and if so, how?
At this moment in time, I do not know if it could, considering that it isn't simply cars running on oil, but the entire economy ranging from plastics to fertilizers. Under the optimistic scenario, it would seem that the world would need to implement an alt-energy by around 2020 that takes a significant bite out of our need for oil.
"Optimistic estimations of peak production forecast the global decline will begin by 2020 or later, and assume major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. These models show the price of oil at first escalating and then retreating as other types of fuel and energy sources are used.[4] Pessimistic predictions of future oil production operate on the thesis that either the peak has already occurred,[5][6][7][8] oil production is on the cusp of the peak, or that it will occur shortly.[9] As proactive mitigation may no longer be an option, a global depression is predicted, perhaps even initiating a chain reaction of the various feedback mechanisms in the global market which might stimulate a collapse of global industrial civilization, potentially leading to large population declines within a short period. Throughout the first two quarters of 2008, there were signs that a global recession was being made worse by a series of record oil prices.[10]"
http://en.wikipedia.org/wiki/Peak_oil
My question is, Do you think the world can avert the worst side effects of peak oil, and if so, how?
At this moment in time, I do not know if it could, considering that it isn't simply cars running on oil, but the entire economy ranging from plastics to fertilizers. Under the optimistic scenario, it would seem that the world would need to implement an alt-energy by around 2020 that takes a significant bite out of our need for oil.