The pessimists say we peaked 2 years ago and it's all downhill from here.
Actually, there's a bright spot to the pessimists. I saw a graph where they postulated that if we extract and burn all the coal, oil and natural gas as quickly as we can get our hands on it, we'll still come out well below the lowest emissions projections of the IPCC. Which is why a lot of peak oilers aren't worried about global warming.
But I'm cautious by nature. I wouldn't bank on the pessimists being right.
Psssshhh. Don't worry about running out of oil. For one thing we've got lots and lots and lots and lots of coal. We can burn coal for hundreds of years.
So our electricity is safe. You could move to a whole coal-based energy system and have plugin hybrids running on coal generated electricity 50% of the time.
Then the rest of the time you run them on gasoline. You can get the gasoline from any remaining oil. Oh? We're completely out of oil? Well that's no problem either. We can make the gasoline out of good 'ole coal too.
It's an energy intensive process and it can be dirty, but gasoline's just an hydrocarbon. Coal's got plenty of carbon in it. We can get the hydrogen from water. We just need to react the hydrogen under pressure with the coal and go through a few other steps.
Oh but how do we get the hydrogen? And the high pressure steam? And the heat and stuff for the forming and cracking?
Well, shucks that's easy. All we need is water and some energy... which we get from... YOU GUESSED IT! Burning some coal!
We can even make our own designer synthetic gasoline with lots of hydrogen and lite on carbon. Not much sulfur. Nice and clean. The only thing that is difficult is the energy needed for the chemical reformatting. (but we already covered that part. We burn COAL)
Now I suppose we *could* run low on coal... as in anthracite after a while. But that's okay, because we have bituminous coal. And when we run out of that then there's sub-bituminous (There's a hell of a lot of that stuff). Then there's brown coal... which kinda looks like dirt.... but it burns!
Okay, once we're done with the coal burning, which ought to take a good couple centuries at the very least, then no sweat. We've just gotten started!
After that then comes the peat. And the peat-clay, which is clay full of peat. You can burn it... you get a lot of left over burned greasy dirt.
Okay then we move on to the stuff which kinda strattles the line between coal/peat/oil. It's basically some greasy oily dirty muck.
BUT YOU GUESSED IT! IT BURNS!
So don't anybody worry. Oil is just the tip here. We've got plenty of filthy fuels ripe for the taking. We can make any kind of petroleum product out of them too with sufficient cracking/steam reformatting/gasification/distillation.
Now, the only problem with the synthetic fuel thing (aside from the energy you need)... Is... it tends to leave behind some stuff. Primary tar, creatien, coal tars... stuff tends to be very heavy in benzine and volatile organics.
But guess what!
IT BURNS!