On Feb 13, 2008 5:19 PM, Brian Behlendorf <[EMAIL PROTECTED]> wrote: > > Tell us: Is "Peak Oil" really the "megabubble?" Or do you believe > > we've reached critical mass with all of them, a perfect storm nearing > > a flash point: "The Internet Bubble times 10?" > > Demand is never inelastic. As demand rises over supply, of any commodity, > the cost goes up, making alternatives more appealing. What I've not seen > in all of these doomsday scenarios is proof (or even an indication) that > the price of oil will rise so steeply that alternatives won't step in > quickly enough to compensate, in addition to societal/behavioral changes > that would also reduce usage of oil. The shift to alternatives won't be > cost-free, and might be painful for some, but it's irresponsible to say > it's doomsday.
To add to that: the current price of oil would have been considered economic disaster 10 or 15 years ago. There is hardship, but we're adapting. -- b
