Peak Oil: Looking for the Wrong Symptoms?
The Oil Drum, 18 February 2010
If I were to ask 10 random people what they would expect would be a sign of the arrival of “peak oil”, I would expect that all 10 would say “high oil prices”. Let me tell you what I think the symptoms of the arrival of peak oil are:
1. Higher default rates on loans
Furthermore, I expect that as the supply of oil declines over time, these symptoms will get worse and worse—even