The facts have changed, now we must change too. For the past 10 years an unlikely coalition of geologists, oil drillers, bankers, military strategists and environmentalists has been warning that peak oil – the decline of global supplies – is just around the corner. We had some strong reasons for doing so: production had slowed, the price had risen sharply, depletion was widespread and appeared to be escalating. The first of the great resource crunches seemed about to strike.
Some of us made vague predictions, others were more specific. In all cases we were wrong .. Peak oil hasn't happened, and it's unlikely to happen for a very long time.Palhaços.