10 years ago I'd agree with your sentiment. But now? I really think peak oil is overblown. A realistic scenario is linear or polynomial increases in oil prices

10 years ago I'd agree with your sentiment. But now? I really think peak oil is overblown. A realistic scenario is linear or polynomial increases in oil prices over the next couple decades. The long tail of oil may end up at $10-20 a gallon before electric vehicles replace it completely. Electric vehicle technology is ready to replace oil for all commuter and in-city use cases. Is it cheaper maybe not, but its not 10x more expensive. Maybe people will have to have an electric sedan instead of a $50k SUV. But people will make do. According to https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php https://www.eia.gov/energyexplained/oil-and-petroleum-produc... 66% of US oil usage goes to transportation. If we shift all short in-cities transportation to electric we can save oil for long haul trucks, trains, ships, planes, and industrial/agricultural uses. As oil supplies dwindle the price will increase until most of the demand (transportation) is shifted to electric vehicles. Food and plastics might increase in price. But the average American will be able to continue their car heavy lifestyle by switching to electric. I'm very optimistic on the future of solar and wind power. We may see average energy prices decrease significantly despite phasing out oil, coal and natural gas. But even if there are no further improvements in renewables I think electric vehicles will be good enough to avoid a peak oil crisis.