oil peak reality, page-6

I think the solar train is much more compelling. Solar generation is now about on parity with nuclear and 50% higher than coal/gas - (including the cost of night-time storage with solar). The cost of solar generation will fall between 3 and 10-fold within the next decade - at which point any sensible households will have 10m2 of panels on the roof and be nett energy producers, even after charging their electric car.

Oil will cost more in the next 5-10 years - likely $100-$200/barrel - and this will be the catalyst that will almost wipe out production of petrol-driven cars in favour of electric cars that will be 5-8 times cheaper to run, much, much more reliable (only about 50 moving parts in the entire car compared to many hundreds), more environmentally friendly, and with better, cheaper batteries over the next decade will also be cheaper to make. Note that range and performance have also been addressed and can exceed high-spec petrol cars already.

Nuclear will always be a background source - with solar/wind/geothermal and wave/hydro generation infinitely more palatable and somewhat cheaper.

IMO in twenty years time most power will come from domestically owned solar cells installed on peoples homes, nuclear stations will be being decommissioned, and 80% of cars will be electric.

But in the meantime I am riding the oil boom!