MeOhMy saidI don't really adhere to the Limits to Growth report and am no fan (or have no faith in -- ) the Club of Rome, as a bunch of elitists. However, expect a great depression much sooner than 2030... like, this decade. It's already started, we just keep calling it a recession.
what do you think of the possibility of peak oil (end of new cheap oil sources) happening by 2030?
I think that every year, we keep discovering more and more oil. Now, I am no supporter of overusing fossil fuels, and indeed, they are not 'infinite,' but I also think the "peak oil" craze is a bit of a scam. I would recommend reading Greg Palast, an American investigative journalist (who writes for British papers, because there is no such thing as investigative journalism in America), and he has gotten his hands on a great deal of original documents and has written a good deal on peak oil, and is really one of the best read people on the subject of oil in general.
He explains how peak oil was a theory originated by a Shell Oil economist (hence, Hubbert's Peak), and that the big oil companies (the Seven Sisters) got together and decided to control the oil fields and not develop them all, promoting peak oil to create artificial scarcity (just like the diamond market, which is controlled by one company, and in reality, diamonds are worthless), and thus, the prices go up.
Adam Smith, in 1776, wrote in "The Wealth of Nations" that "rarely do men of the same trade meet, whether for merriment or derision, without the conversation ending in some contrivance to raise prices or conspiracy against the public." Ironically, Adam Smith is the man who is hailed as the father of the "free market."
However, yes, oil is not infinite, obviously. But I think we are way ahead of ourselves in knowing how much is left, how much is there, or when we "tip". The need to find alternatives is obvious, regardless of peak oil, but then, there are alternatives already, but they are suppressed... for obvious reasons.