by Kurt Cobb - Published on 9 Apr 2005 by Resource Insights.
There are economists who "know" that the world will come up with a cheap, effective, and widely available substitute for oil before we run short of it. And so, it follows that "getting ready" for a permanent oil shortage through concerted civic and governmental action is a "waste of resources." But even if they are right about the miraculous and timely appearance of oil substitutes, are they right that the things we would do as a global society to prepare for world peak oil production are a "waste of resources?" To address that issue I've prepared a Peak Oil "To Do" List. (I don't claim it to be exhaustive.)