Peak Oil? what Peak Oil?

[Skean Dhude]

Peak oil occurred when we first started using it and as it takes millions of years to replace it has reduced since then with nothing new being added. There is a glut for political reasons and we should take advantage of that to stock up but we won't.

Eventually we will start to find it more difficulkt to extract as we hit the bottom of our biggest oil fields and they close as it costs more to extract than they make then oil rises and it makes those fields viable again. Repeat until we run out.

In the meantime as the price rises it makes other options, currently too expensive, more viable but at the moment there is a lot of things we make that we can't make without oil. We should be developing them now.

Predictions for when we run out of oil are like global warming... cooling... climate change. We just don't know but there are many fields that are looking to last for the next 30 years at least and that doesn't include shale and other methods we are investigating now.

If anything our only concern is that it leads to society collapse as oil becomes too expensive.