Jim Manzi (responding to an excellent post from Patrick Deneen) assures us that we have nothing to worry about on the energy front.

Crude oil production will reach a maximum at some point in the future. I don’t know when that will happen, and the record of those who have tried to forecast this not been very good over the past 70 years or so. When that happens, the price will probably rise. We will develop technological alternatives and find substitute fuels. It’s not time to start burying Krugerrands in the backyard. (emphasis added)

So we will know when oil has peaked because prices will rise. Too bad he didn’t tell President Bush –it could have spared us the ugly sight of seeing the leader of the free world ‘debasing himself by begging our Saudi Masters to turn up the pumps.