Today, I saw gasoline for sale in Royal Oak for just under $2 per gallon. The philosophically short-sighted (as opposed to physically near-sighted) see this price as completely discrediting the idea of peak oil.

Enjoy the low price while it lasts, because it won’t. As for discrediting peak oil, it does not. It’s exactly the sort of thing predicted by people who understand how peak oil works. That’s demonstrated by this cartoon, published in 2009 ( and worth repeating today:

slow crash 1

slow crash 2

Thanks to the Peak Oil group on Facebook for reminding me of this one.

Any comments?