> There are far more global oil reserves today than there were in 1980 No, not really. The big shift was shale gas; the rest was mostly incremental. And again,

> There are far more global oil reserves today than there were in 1980 No, not really. The big shift was shale gas; the rest was mostly incremental. And again, starting from zero production a couple of century ago and going to zero at some point in the future (because gas and oil are finite resources) pretty much implies a maximum at some point in between. The concept of peak production is as inescapable as gravity. It can be delayed, but it is bound to happen. And when we realise that it is declining, then it’s too late to put alternatives in place.