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5. Re: Out of the Blue Jun 29, 2013, 13:24 jdreyer
It is getting less expensive to process hard to get oil, but it's still not cheap. The recession hit just as the peak did, so demand stagnated, otherwise prices would have stayed high. At the same time people got hit with the shock of $5/gal gasoline (among other reasons), which forced people to wake up and smell the coffee, which is why there is more support and acceptance of renewables than ever before.

Still, there are some things only oil can provide, like jet fuel. So the sooner we replace its use in things like cars, the better.
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