Preparing transportation for oil depletion

Some 95% of motorized travel and freight movement by land, sea, and air is fuelled by oil products, accounting worldwide for consumption of some 60% of crude oil. …Our assessment of numerous alternatives to oil as a transport fuel concludes that, as oil depletion progresses, only electricity could reasonably power acceptable levels of land transportation.

Response to WSJ article on peak oil

The oil production forecasts that have been truly erroneous are not those of peak oil researchers, but those of the EIA, the IEA and CERA. These estimates are consistently biased high. One wonders whether the forecasts of these organizations are based primarily on forecasts of future demand, together with a large measure of wishful thinking.