Pragmatically, it is impossible to deny the existence of peak oil, because logically any time there is a finite resource that is being used too quickly, it will eventually run out. Regardless of whether or not you are talking to an Exxon Mobile executive, a radical environmentalist, or a Saudi royal family representative, on a basic level they have to acknowledge this fact.

One second we’re told that the economy is steered towards destruction, the next we’re told that things aren’t looking so bad, and then of course the fed tightens credit and raises interest rates.