Does it worry you that all it takes is a little new technology to destroy peakoil for another 100 years?
Think about it.
We all know there is a ton of oil left in the oilfields even after 100 years of production. The problem is we can only recover a percentage of oil that is in place due to several factors but mainly because the oil doesn't flow easily to the wellbore.
All it takes is some new technological advance that would allow the oil to flow better and allow the world to recover another 5% of the oil in place. The infrastructure is already there, the wells are already there, and the market is already there.
A great example is natural gas. Everyone thought we were running out of natural gas and in terminal decline. But then technology advanced and opened up shale reserves and now we are awash in natural gas. Production is up and will remain up for some time to come.
The same thing could happen to oil and probably will happen to oil.











