Peak oil is not related to reserves.
“Peak oil”’s definition is right in line with what I said about the economically ignorant.
“Peak oil is the point or timeframe at which the maximum global petroleum production rate is reached. After this timeframe, the rate of production will enter terminal decline.”
Again, not factoring in prices and incentives to innovate, explore, and produce at a higher price, until such prices exceed the prices at which an alternative can be provided.
I thought it was 35 years ago. At least that is essentially what one of my economic professors was saying in 1973.