A New Peak Oil Essay From Ron Bailey

Ron Bailey, Reason's science correspondant, has come out with another, slightly more concerned version of his piece on peak oil than his 2004 essay. Bailey dismisses the notion that peak oil production will be with us anytime soon, but he does think that politically-driven shortages could have an effect, one that will ultimately backfire on the perpetrators (read: Iran). That might have been true on the upside, but on the downside of the production peak...?