Not really. The amount of hydro and timber resources have been finite (albeit renewable) and exploited almost to max for several decades, and during the latest 30 years our energy consumption has remained constant. The only change has been a switch from oil to biofuels and nuclear power.

As a matter of fact, biofuels is larger than nuclear energy in Sweden. The energy balance is something like:

• Nuclear 13 %

• Hydro 13 %

• Biofuels 17 %

• Oil 40 %

• Other and calculation error 17 %

By the way, I have been looking more closely at Swedish uranium reserves. They fall mainly into two kinds. Some newly discovered pretty small high grade reserves and the awesome giant very low grade reserves.

The world's total conventional (ie very low grade excluded) uranium reserves are 2 million metric tonnes. The unconventional reserves at Mount Billingen alone are 300.000 to 1 million tonnes. Total Swedish reserves are 4-32 million metric tonnes.

The big spread is due to no one looking for uranium since 1980 when we had our negative nuclear referendum. All funds for uranium prospecting were cut.

Peak oil is not an energy crisis. It is a liquid fuel crisis.