Krugman On Peak Oil  

Paul Krugman seems to be firmly in the peak oil camp now, though I'm not sure why he thinks it is a largely DFH driven meme (thats just one constituent group from what I can tell) - Oil wells that don’t end well.

One of the defining features of the last 8 years or so has been the way ideas go from crazy stuff that only DFHs believe to stuff everyone knows, without ever going through a stage in which the holders of conventional wisdom acknowledge that they were wrong. Oh, and the people who were right are still considered DFHs; you see, they were right too soon.

It looks as if peak oil may be going that way:

Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand.