Piqued by Peak Oil

EnergyBulletin.net – In a recent commentary in UBC Reports (A Peek Past Peak Oil, April 6, 2006, Professor Dowlatabati stated that peaking of conventional oil production (Peak Oil) will simply mark another energy crossroads that will be characterized by a seamless transition to non-conventional oil sources. A supply glut will develop and prices will fall back towards the marginal cost of production from oil sands and coal, said to be in the range of $20 to $40 per barrel.

In my view, this prediction can be readily refuted by simple
University of British Columbia Reports via EnergyBulletin.net