you are dead on with certain facts but astray with others… These false expectations of more oil and gas (hydrocarbons) and the idea that peak oil is years in the future is wrong.

We are at, or past peak oil, and now the real race begins, the race where the rest of the oil/gas is secured.

Sure, technology will increase our ability to extract resources from depleated wells that are not producing what they used to, and yes technology can bring us power from every less productive locations, think albertan tar sands, but technology cannot give us new hydrocarbon resources.

Scramble your armies, circle central asia, and hope for the best if you want what little that is left, that is what the US, Canada, UK and others are up to in southwest asia.

Fusion power is good, but there is that nasty nature that makes this technology dual use. 1 nuke power planet = potential for one bomb.

- nook of the north