R.I.P. Peak Oil

The Oil Drum was a forum, arguably the best such, dedicated to the "peak oil" theory; the idea that mankind's ability to produce oil had peaked and particularly in the hydrocarbon fields of America. The inevitability and urgency to subsidize alternatives to hydrocarbons was fueled by the peak oil theory. But what peaked instead was the ability to argue that the era of oil, and hydrocarbons, was over.