I don't hear ANYONE making noises about "peak oil" any more. As far as I'm aware, conventional oil production did in fact peak more than a decade ago. And whil

I don't hear ANYONE making noises about "peak oil" any more. As far as I'm aware, conventional oil production did in fact peak more than a decade ago. And while the Hubbert model failed to predict global oil production, in the absence of disruptions, it can work well (see eg Norway[1], or the lower-48 US states[2], where Hubbert's predictions made in '56 held true for 4 decades). However, there's still unconventional oil[3] aplenty, hence the lack of panic. We should keep as much of it in the ground as we can. [1] https://en.wikipedia.org/wiki/File:Norway_Hubbert.svg https://en.wikipedia.org/wiki/File:Norway_Hubbert.svg [2] https://en.wikipedia.org/wiki/File:Hubbert_Upper-Bound_Peak_1956.png https://en.wikipedia.org/wiki/File:Hubbert_Upper-Bound_Peak_... [3] https://en.wikipedia.org/wiki/Unconventional_oil https://en.wikipedia.org/wiki/Unconventional_oil