From KURT COBB
At the recent conference of the Association for the Study of Peak Oil & Gas-USA in Washington, D.C., an unknown person hired two people to dress as Chicken Little and walk around outside the conference venue.
The trouble with Chicken Little is that he neither had a practical plan to address the problem of the falling sky nor the sense to discern the intentions of Foxy Loxy who ultimately devoured Chicken Little and his friends before they could reach the king to tell him that the sky is falling. As such, Chicken Little gives us poor guidance about the effect that the efforts of those involved in the peak oil movement will likely have. A better analogy would be the so-called Y2K problem.
Y2K refers to the problem of two-digit year notation previously used in computers, notation which could only accommodate years up to 1999. Many experts believed that computer failures related to this problem had the potential to be highly disruptive of global society if not corrected before the year 2000. As a result of this concern, firms and governments spent large sums to update or replace outdated software and hardware.
Critics of extensive Y2K preparations said that the problem was overblown and that any necessary corrections could me made after January 1, 2000 on an as-needed basis. Those who supported extensive Y2K preparation cited the almost completely smooth rollover to January 1, 2000 as a vindication for their strategy. Oddly, their opponents cited the same smooth rollover as proof that such preparation,