Peak Oil….Part 2

When we last left the subject of peak oil, ExxonMobil had conceded that the daily production rate of oil in non-OPEC countries will peak within a few years and then start an irreversible decline. I’m going to say more about that subject shortly, but before I do, I want to back up a bit and answer a basic question: Everyone agrees that there’s plenty of oil still left in the ground, so why should production rates peak in the near future at all? What’s up?
The Washington Monthly