01-26-2008, 04:39 PM
Peak oil is kind of a misnomer...there's plenty of oil around but the EASY to extract oil is running out. But with oil at $100/barrel some of the tar sand stuff in Canada and especially Venezuela start looking profitable. Heck,at 100 bucks a barrel Venezuela has the largest oil supplies around and starts to shift the balance of power in OPEC. Of course tar sand extraction of oil will be environmentally unpleasant . Hawaii should grow hemp and go to biodiesel...solar and wind wouldn't hurt either.