I'm using "rapid" as on a time scale of development and rollout of infrastructure technology. If the price of oil triples in 2 years, that's pretty darn rapid,

I'm using "rapid" as on a time scale of development and rollout of infrastructure technology. If the price of oil triples in 2 years, that's pretty darn rapid, because people will need to adjust their lifestyles for years before the alternatives and technological improvements can possibly be produced, delivered and installed. I'm not suggesting the oil will all one day run out. But the sum production will drop. And the world's appetite will no longer be met and the bidding on the remaining oil production will skyrocket. We saw this when the price of oil shot from 30/barrel to 100 over 3 years. Life changed and alternatives, though now-viable are still a decade away. And that was due a fairly small increase in total demand, due growth in Asia. If you ignore the peak and wait until that first press conference from OPEC, when the world economy starts to regain its footing but they're still cutting production; your electric cars are a decade away from mass production. your solar panels are a decade away from mass production. your nuclear plants are a generation away from being built.