ovi wrote:No oil producer in their right mind would ever admit any evidence of peak oil as that would lead to more research into alternative energy and they would miss the whole post-peak oil devastating, yet profitable, effects. A few facts: world spending on renewable energy R&D is less than 10 billion dollars, world subsidies of fossil fuel are more than 500 billion, world energy expenditures are about 6000 billions and world economy about 85 trillion. That is, renewable energy R&D represent 2% of the fossil fuel subsidies, 0.16% world energy expenditures and 0.01% of world economy. Nobody really cares about sustainability, peak oil, pollution or global warming.
Now factor in the growth rates of all of those numbers over, say, the last five years and extrapolate forwards another five years. Is the picture the same?