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I agree; it's not a "theory"
Peak Oil is an observation, not a "theory".
Actually, it's a natural phenomena, not an observation :)
Oh, I just have to disagree. "Natural" means something of nature, does it not? As opposed to something done by man, which is regarded as "artificial". Now I know some argue that man is part of nature, therefore everything we do is "natural", but that is a semantic argument which is meaningless, as most semantic arguments are (ref: philosophy).
So my point is that resource depletion is caused by man, and is therefore artificial, not natural. "Nature" isn't depleting the oil, man is.
PO is still an observation.
No it is a natural phenomenon. Any species that comes across a huge amount of detritus, left by past life, will naturally consume it until it is all gone.
Ron Patterson