Ronmac

The 'Peak Oil' Myth: New Oil Is Plentiful

anaconda, I don't think it matters that a textbook defines "peak" as half produced. In the context of peak oil it is about flow rates not reserves. I think longoil did a great job of explaining this.

As to your contention that we are now in a "moderate to quiet period of regeneration", if the regeneration does not provide the oil flows we need today, and the over 100 we need in the future, then we have "peak oil", i.e. peak flow rates and a shortage.

Same way with not being able to drill the west coast. With your slow generation rate and the delays in drilling...same thing not enough flow.

Demand destruction will help, of course, but remember those overseas consumers don't have the same (well mostly) cheapened currency that we do.

And by the way I am not a shill for anything. So don't include everyone who thinks we have reached peak flow rates as being in on the "conspiracy".