Comment Re:Bull (Score 1) 738
I think he might be using the term 'most people' as an ironic understatement. That is the definition. 'Most people'==everybody who uses the term correctly. And we use that definition/term because it's quite useful in modelling. Production/utilization of coal/oil/uranium/water/etc. accelerates for some time, peaks, and then drops. These commodities are finite and are not durable good. The oil is input to the economy, not capital like a factory. If we slow the building of factories, the economy continues to grow, so long as we don't decommission any. If we slow the input of oil/coal/uranium/water/whatever (because we hit peak production and have to shift to marginal sources), we need to substitute something else (or increase efficiency at a faster rate than input drops) or the economy will slow (and demand for alternatives will rise--tell me this isn't useless to know).
Actually, your point about nuclear demonstrates a small error in the above definition. 'Peak' refers more to the peak of production potential (or something along those lines). We could be producing less nuclear fuel by choice, but not because the speed at which nuclear fuel can be mined and refined has declined.