At a summit yesterday, President Bush told Middle East leaders that they need to get ready to diversify, because the oil days are coming to an end. Although he was referring more to the mass movement to find alternative fuel vehicles, and the movement's economic impacts of that on oil-rich nations, he seemed to be hinting around at the concept that oil is a finite resource. Whoa, that might be as close as he ever comes to saying the magic words: peak oil.The warning to Mid East leaders might have been simple rhetoric, since they obviously already knew that the world would not be dominated by gas-guzzling SUVs forever. But, what's interesting about Bush's remarks is that he actually seems to expects some major changes to occur. Whatever administration takes over after this one, its environmental agenda will almost certainly be far more aggressive. With biofuel production growing by leaps and bounds, and a wave of electric cars in 2010, is it possible that we'll see dramatic changes in US oil consumption over the next 5 years?
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