Doly wrote:If you're talking running out completely, the news may be perfectly correct. The end of the decline could be quite slow.
What most people don't know is that this will happen with production steadily falling, and that it isn't geologically possible to have it otherwise.
As if fracking weren't a viable technology. As if the world weren't awash in oil due to fracking. As if the price of dry gas and wet gas products haven't collapsed (and supplies boomed) in the past 15 years due to fracking.
As if many global shale formations worthy of fracking didn't exist, even if the bonanza in the US slows down when demand and prices are relatively high.
Source: Book: "The Domino Effect". I notice you have no citations. I notice what you say is demonstrably false: production of hydrocarbons is NOT falling overall, until the full effects of the recent oil price oversupply and price collapse kicked in.
If you just make stuff up with no citations, expect to have no credibility.