Arguments against peak oil

The fact that the oil industry is chronically obscure, if not downright dishonest, about its reserves is no reason to believe that the situation is as bad as the Peak Oil lobby believes. Personally I would guess that the peak of our oil supply is already upon us, but this entry will try to list any reasons to disbelieve in the urgency of peak oil.

  1. It is in corporate and oil-state interests to create a sense of panic, to drive prices up and to justify ’emergency’ actions in their own interests.
  2. Companies and oil states report increased reserves.

Anyone have any more reasons to disbelieve in Peak Oil? I think they need to be aired and, if appropriate, refuted. And if they can’t be refuted, what then?

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