Peak oil as transformative
(Grist Magazine) "The real geological consequences of peak oil and related resource depletion and environmental stresses will only result in an increase of a two tiered class culture where the elites and wealthy will preserve their status and wealth and a growing underclass will be socialized to accept their decline and serve the interest of the elites. This will all occur in a backdrop of increasing environmental degradation as consumption levels will stay at the maximum level the available resources will allow."

PEAK OILERS DOOMED
(Free Market News Network) ExxonMobil Australia chairman Mark Nolan "used his speech to the Asia Pacific oil and gas conference to debunk the theory of peak oil, which suggests oil supplies have peaked and will dwindle over the next 20 years." According to the AP, Nolan said, "The fact is that the world has an abundance of oil and there is little question, scientifically, that abundant energy resources exist. According to the US Geological Survey, the earth currently has more than three trillion barrels of conventional, recoverable oil resources. So far we have produced one trillion."