Remember peak oil theory? It was all the rage just a few years ago. Serious books were devoted to the idea that the world was running out of crude. Deep thinkers pontificated about its potentially dire impact on human civilization. But then all that peak oil talk peaked. Thanks to the fracking revolution, it became clear that the world actually has plenty of oil. Supplies can now be turned on or off almost at will, as prices rise and fall. Turns out the future is a lot harder to predict than the peakists thought. But once a peakist, always a peakist. It seems to be a tough habit to break. Now they’re busy predicting other peaks. Such as: the planet’s peak carrying capacity; peak sustainable population levels; peak food production; peak allowable carbon emissions levels; peak stock market levels; and of course, peak auto. Yep, peak auto. It’s a […]