Noah Smith argues that the Peak Oil crowd wasn’t really wrong. No, instead what we got was a hybrid between the “Good Peak Oil” scenario where we move off oil on to an new energy source – presumably renewables; and the “Bad Peak Oil Scenario” in which the price of oil skyrockets the global economy tanks and in the worst case scenario industrial capitalism itself grinds to halt.

via Forbes – Energy http://www.forbes.com/sites/modeledbehavior/2013/07/17/no-peak-oil-really-is-dead/