We were wrong on peak oil. There's enough to fry us all

[Sirveri]

11. Peak was always about the fields and the end of cheap oil.

That's basically occurring now, we're losing the oil the we can get out of the ground for 2$/bbl, and trading it for oil that costs ten, then we'll move to the 30$/bbl oil, then on to the 50$/bbl oil. We'll dig up oil that requires a massive carbon footprint, all to maintain our reliance, but we don't seem to ever want to actually invest in the things we need to get off of it. Eventually we'll reach a point where it just isn't cost effective to extract the oil anymore, but that isn't likely to happen before we start seeing serious effects due to climate change.