I like Orlov, find his writings to be a useful and interesting perspective, however there is much that is inaccurate or that remains unconsidered in this piece.

I like Orlov, find his writings to be a useful and interesting perspective, however there is much that is inaccurate or that remains unconsidered in this piece. For instance, the issue of Iraq and Iran, both very undeveloped in terms of wells drilled and the modernity of the infrastructure that runs those wells. Iraq, for all its recent investment, remains underdeveloped, and Iran has not had access to newer oil tech since 1979. Further, there is the question of whether we are suffering from an "oil coming out of the ground" problem or "refine the crude oil into something we can actually use" problem. The bottleneck at this point appears (from my admittedly limited, amateur research) to actually be in total refining capacity.