[hristov]

Right .... I would sooner believe any crazy wacko peak oil theorist than an energy consultant saying that oil will settle at $30 per gallon soon. Currently oil is $70 per gallon AND we are in a global recession AND the middle east is as peaceful as it will ever be in the foreseeable future.

The truth of the matter is peak oil will be very hard to predict because oil companies' reserve estimates are not very reliable, neither are the rates of future discoveries and future improvements of technology.

In any event, the rational choice for the USA, as another poster pointed out, is to find alternatives now. Peak oil may or may not happen soon but it will happen eventually so that it will be very irresponsible not to have an alternative ready.

[jimbokun]

You meant to say barrel, not gallon, I think.