Oh yeah, Peak Oil, haven’t heard much about it lately… Here’s an update, courtesy of JD at Peak Oil Debunked 
PEAK OIL: WHO CARES?
It’s official. Peak oil is a loser. It blew a tire on the curve, and lost the TEOTWAWKI 500 to the ongoing US financial meltdown. Valiant efforts are being made at the peak oil sites to maintain interest and somehow blame the collapse on oil, or at least find some flimsy connection… to no avail. The PO community is looking increasingly like the village idiot who warned everybody about the tornado, just before the big flood hit.
Now that most of Wall Street has been vaporized, peak oil isn’t going to be the hot cottage industry it once was. The groupies will now shift to the real rockstars of the global collapse blogosphere — the finance doomers. Pity the poor peak oil sites… viewers melting away like the Greenland icesheet, page views slumping like WaMu stock…
Amidst the carnage, we can single out one man for some well-deserved kudos. That would be Mike Lynch, who called oil "the mother of all bubbles" on April 21.
THE OIL BUBBLE
Nice job, Mike. I’ll take you out for some octopus balls if you’re ever in Osaka. Of course, the peak oilers adamantly refuse to admit that oil was a bubble. They stand ready to defend peak oil at all costs, even if nobody else gives a shit anymore. When Jerome Paris carefully explains why his "Countdown to $200 oil" series is still relevant, even though oil prices fell off a cliff, and the US banking system imploded, the peak oil die-hards will dutifully nod their heads and hit the +1 button.
Of course sane regular Joes like you and me know what’s up. We know for a fact oil was a bubble because we looked at the fucking picture.
Indeed, the 2008 oil/commodity bubble was brought to you by the same greedy jerkoffs who brought you this fiasco:
THE DOT COM BUBBLE
And this monstrous foul-up:
THE US HOUSING BUBBLE
With the US economy swirling down the toilet, I’m guessing it’s going to be a while before peak oil gets sexy again. In the meantime, we should probably address the real underlying problem: the out-of-control casino of greed-crazed vermin we euphemistically call the "financial system".
by JD
