"Peak Oil" is breathlessly bandied about as reason to kill or vilify fun, high-powered cars or adopt mass transit. Argue the environmental benefits all day, but there's possibly 60 years of natural gas reserves if the oil runs dry. [Telegraph]
Should I weigh in here? Sure, why not.
Like it or not, peak oil is a reality. The actual time-frame is what the real issue is about. This isn't being alarmist or scare-mongering. Rather, it's coming from a paeleontological and biological fact. There were a finite number of pre-historic plants that became the oil we use today. And, unless we manage to figure out how to speed up billions of years of geologic processes, we aren't getting more oil. Once it's gone, it's gone.
So, natural gas for 60 years? Same problem. We cannot simply make more. As for unconventional sources of nat gas. Usually that refers to extraction processes that create huge environmental problems (contaminated surface and sub-surface water being the biggest issue).
If we want to continue having loud, fast, fun cars we need to figure out a) how to manufacture plastics without dipping into the crude oil supplies b) power our daily transportation on something other than gasoline or nat gas and c) implement massive solar projects for electricity generation.
Do I want to be able to drive my grandkids (in 20 or so years time) around on the weekends in a 409 powered, 1940 Ford Deluxe? Absolutely. Would I make the choice to live as green today in order to help ensure that will happen? Already am.