Good Information
The information in the charts seem to indicate that oil production has been at a plateaue for a few years. It is possible to produce oil from some oil fields with improved technology or a higher price to make it economically feasible to produce oil. Oil supplies are not infinite and we are increasing the demand for oil at the same time that production is plateauing.
The article states that the producers, planners as well as regulators are using dodgy information as if it were fact and that distorts energy policy as well as distorts the market. Oil is a part of so much of our lives, we use oil to run the machinery that farmers use to grow abundant crops that are fertilized with oil by products. Oil is used to make plastics, tires, cosmetics and more. All of that increases the demand for oil and the demand is growing faster than it can be produced which leads to higher prices for oil and everything else.
It doesn't help that a lot of oil is under lands controlled by hostile regimes. It is good to have a frank discussion on what the future of energy will be and what we can do to survive without cheap oil.
