I’ve seen several articles debating when oil production will
peak. For those of you who have missed them, oil prices rise due
to scarcity (real or not) or increased production costs, and the
latter become important sometime around when oil production
peaks. Also, the time for us to go through the second half of
the world’s oil will be considerably less than the history of
oil use to date, and our transportation infrastructure in
particular is heavily oil-based. Among climate change
scientists, there seems to be less worry about running out of
oil, and considerably more worry about its use. Recent readings
have given me some understanding. David Greene, et al, from (pdf
file) Running Out of and into Oil: Analyzing Global Oil
Depletion and Transition Through 2050 “It is possible that the
world could go partway down the path of developing
unconventional oil resources and later reverse direction. But
such a strategy would strand huge investments in the more
capital-intensive production and refining of unconventio