ASPO 5. Skrebowski tells us there

Decoding the figures in the new IEA report is akin to decoding the Da Vinci Code. In my work I am not a pessimist, and I observe what oil companies do, not what they say. Peak oil is the point where further expansion of production becomes impossible. The world needs oil production flows, the consumer needs delivery flows, reserves are no use as reserves, only as flows, peak oil is when flows can

Oil powers 80-95% of all transport, 50-75% of all oil is used for transportation, 99% of all lubrication is done with oil products, 95% of all goods in the shops get there using oil, 99% of our food involves oil or gas for fertilisers, agrochemicals, tilling, cultivation and transport. Oil is the most important source of primary energy on the planet accounting for 36.4% of all energy. What do current high oil prices tell us? The market is saying