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  • Not sure where the playground 'Joey' insult comes from.

    It wasn't perhaps the most articulate thing I've ever written in my life, but I stand by the argument that the 'the end is nigh' school of peak-oil theorising is little more than hysteria.

    That's not to say that alternatives aren't important - they are - but we're investing a lot of money in them at the moment, money which we wouldn't have thought to invest if oil prices hadn't got so high. So I'm fairly sanguine about the situation, because we seem to be reacting appropriately.

    The stone age didn't end for lack of stones, as Sheikh Yamani once said.

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