Comment The downside slope of the Hubbard curve (Score 1) 430
The costs of production will continue to drive up all oil products as the relatively easily extractable oil is sucked up and (mostly) burned, and increasingly desperate measures are taken to keep the inevitable collapses in production at bay. In the U.S., as in most countries of the world, consumption is still heavily subsidized for every step of the oil production and consumption cycle, but it is getting harder to rob from the future to pay for it; food importers (and market based food production is heavily oil dependent) are in for a much rougher time, and there really is no plan B.