AySz88: I think if you went back into the peak oil archives, you'd find an entirely different subset of users. For fun, go back in 2007-=2008. I think they are trying to rewrite their own position, to look less foolish.
Twilight in The Desert was their bible. I absolutely despise Matt Simmons.
Notice any problems with this statement? Read that thread. It will be eye opening on just how wrong this person was.1. What is peak oil?
"Peak oil" is the term used to describe the situation when the amount of oil that can be extracted from the earth in a given year begins to decline because geological limitations are reached. Extracting oil becomes more and more difficult, so that costs escalate and the amount of oil produced begins to decline. The term peak oil is generally used to describe a decline in worldwide production, but a similar phenomenon exists for individual countries and other smaller areas.