ILX, what do you know about peak oil?

The very LAST barrel, that wouldn't suprise me, actually.
They have vast fields, it's true. But they can only extract so much from them per day. The peak is about production not about physical oil remaining.

Isn't it mining of Asteroids that will be the next big thing? All sorts of private enterprises will try that I think.

Yes, I remember watching a documentary on a little island that has run cars and everything on vegetable oil for years, as they are sort of war with some one or another, out in the Pacific.

there won't be any oil on asteroids. Oil requires organic matter to form, remember?

same with coal.

Science ain't my thing ;/

Oh maybe, it was mining for metals! We're not gonna run out of metal, we can just build cars that don't go, we'll all have Flintstones cars.

I don't know how they'd afford fuel to send the rockets into space.

Besides, we have plenty of metals here on earth, they're just wasted and sitting in people's front yards (broken down old cars, anyone?).