Freaknomics vs. Peak Oil

Even some Mensans I know have been suckered in by the myth of "Peak Oil". "Peak Oil" hypothesizes that the rise of oil prices will produce sudden inevitable collapse of civilization. As the Freaknomics authors point out, this completely contradicts economic theory of supply and demand - and they use the New York Times' own article promoting "Peak Oil" to debunk it.

Hopefully this will put the nail in the coffin once and for all.