Better to cry wolf now than wait until the oil has run out

No one knows how much is left, but humankind can’t wait any longer before coming up with alternatives…I have now read 4,000 pages of reports on global oil supply, and I know less about it than I did before I started. The only firm conclusion I have reached is that the people sitting on the world’s reserves are liars.

OPEC Set to Open Oil Taps Full Blast

Kenneth Deffeyes, former colleague of M. king Hubbert, frequently tells the story of how he knew Hubbert was right about his US oil peak prediction when he read the headline “Texas Railroad Commission announces 100% allowable” in 1971. The American cartel was pumping full blast.

I wonder what he thought when he read this headline…

The Truth About Oil

MYTH NO. 3: We’re running out of oil.
REALITY: This one is true. Sort of. Unlike wind or water, oil is not a renewable resource. So by definition we’re using it up, in the same way that we are all dying all the time. …
The real problem with the peak-oil argument has less to do with engineering than with philosophy. It lacks imagination.