> depletion of oil That’s true too, barring some 1970’s-like energy crisis also I think. Though, my understanding of peak oil arguments is that as drilling tec

> depletion of oil That’s true too, barring some 1970’s-like energy crisis also I think. Though, my understanding of peak oil arguments is that as drilling technology improves we can extract deeper oil that is not previously counted as extractable. So peak oil is this constantly shifting target 30-40 years away. We will run out, yes, but no time soon. Oil companies and national economies will continue to drive up production until then.