Economic Meltdown in America Saves the World from Peak Oil

It had seemed abundantly clear over the year beginning mid 2007 that rampant economic development in less developed countries, along with the maintenance of economic development in more developed countries, spooked the oil markets. After all both China and India were growing economically at around 10% level.
However, that may be changing.

Peak oil, bailout bunk, and the coming recession

If, as seems likely, the omnibus financial bailout does little good and the world goes into a prolonged recession, then we probably are on the peak/plateau of world oil production right now. Demand will drop, production will be slowed, and new multi-billion dollar oil projects that are not already well underway will be delayed or cancelled due to lack of demand or capital to pay for them.

United States & Canada – Oct 6

NYT’s Friedman discusses solutions to world’s climate, energy, and population problems (video & transcript)
Politics of drilling, financial bailout heading into elections (video & transcript)
Fukuyama: The Fall of America, Inc.
Ok, Now What?
Atlanta Q&A: Why gasoline supplies went south