Forecasts of peak oil are wrong, says a new study by industry experts that says there’s still lots of oil left in the ground.
This seems a bit evasive to me. Because the real question is not how much is left but what it costs to get it out. And much of the easy to get oil is already gone.
Besides, using oil generates carbon emission. We need clean energy instead.
The ability to produce is as much a quantifier as what is produced. The equation isn’t simply demand outstripping production, it’s the ability to produce that has been outstripped by demand.