What is the Peak Oil theory of value?

ExxonMobil chief: “no Peak Oil theory of value”

Q: The Peak Oil theory suggests at one point the world will have used more than half the oil and future demand will outstrip supply, leading to dramatic changes to our society. But big oil isn’t buying it.

Nolan: These Peak Oil theories have been around since the 1920s, particularly in times of high oil prices. Our view is that the world has abundant energy resources and that there is no Peak Oil theory of value.

Exxon