- There will always be gasoline in our lifetime for those who can afford it. But prices may be a lot higher
-The planet is not making "more" at any appreciable rate.
- We caught a breather last couple years, but actually if you look at production it has plateaued for some years.
if it wasnt for the US picking up shale we would have already passed peak and been in decline.
- The fact that we have been tapping shale, a destructive method expensive in water and fuel, shows how far down the path we are.
- We are not "Finding new deposits all the time". ...whats hitting the news are "deposits" that in the 50's would have been dismissed as uneconomical small patches.
The big fields ( Prudhoe bay, Ghawar Oil field, Baku, North slope etc have ALL been found. it is MUCH easier to find a big field than a small one.
NO new big fields have been discovered anywhere on the planet since prudhoe bay.\
The only possible exception is a large field in the Brasil coast but its at a depth that will make it uneconomical unless we have 300/bbl of oil. That number equates to $12-13 dollars a gallon of gas in today's dollars.
- Also we must remember the ripple effect skyrocketing oil prices will have when they come . ......oil is EVERYTHING, our food, clothes etc. at $200 a barrell some countries will completely check out of feeding their population.
Their workers will simply not create enough value under those conditions to create enough food to feed them, when the cheap energy times are over a lot of economic activities that now still put food on the tbale the world over will be uneconomical and consume more resources than they produce (and so will stop).
You think the illegal invasion is bad now, just wait..
- Oil is a finite resources that everyone uses and wants and that we need not just for convince but to even just feed ourselves (distribution, pesticides, running the tractors etc). Peak Oil means super expensive food.
- I am surpised so many preppers who are often concerned about much more esoteric threats (solar flare etc) but something so certain as Peak Oil which WILL threaten the livelihood (and therefore the very life!) of your children is often dismissed so cavalierly.
