It doesn't matter if it has or hasn't happened yet.
It does matter , if it's already happened we are screwed for getting ourselves into this mess.
If it hasn't happened yet , we may still have time to develop alternative energies and avoid the cosequences of oil withdrawl.
If it hasn't, it will sooner than later.
That's a fair and easy assumption.
World oil discoveries have peaked
Have they? Just how do you know that?
so it's only a matter of time before the production has peaked.
Everything is a matter of time , but can I make money off it in my lifetime?
The markets are all about timing , so that statement while it may be true , is useless without time frames to accompany it.
We're extracting oil from the ocean, oilsands (which take a lot of energy to extract) and waiting for polar ice caps to melt? Awesome.
We're not waiting , they're melting whether we are prepared or not , that is a proven fact. http://www.commondreams.org/headlines03/1024-05.htm
This planet can't sustain the current population without oil.
Again how do you know that? If alternative forms of energy are developed and used more efficiently , there's no reason it can't be done.
You can't grow the world economy with decreasing energy supply.
You wouldn't even be able to maintain it.
Airlines and other oil intensive industries would be hard hit.
Again a fair and easy assumption.
It's a no-brainer that oil intensive industries would be hardest hit by an oil shortage , that goes without saying.
Crops would be way less productive so a much higher proportion of total population would have to work the fields,
Why would crops be less productive , assuming we have alternative energies to take the place of internal combustion engines.
How does oil make a crop grow better?
More people working for a living could be a good thing.
How far in the past? 10 years , 100 years , 1000 years?
Wrong about what? All of the above or just some of it?
Everyone has a right to their opinion , but it's futile to try to pass off a persons assumptions or theories as fact , especially without backup sources as proof.