[conservatism_IS_compassion]

The author is saying something different.

The author is saying that there is peak CHEAP oil.

And that oil price has to be high to make it worthwhile to extract it.

. . . all of which is unexceptionable - and was during the Carter Administration. At any given time, the cheapest oil to find and produce has always already been found and produced.

My point is that the moniker “peak oil” is a “sky-is-falling” propaganda claim that all the oil is almost all gone, and we need to conserve the last 5 drops of oil for the future.

The implication of peak cheap oil is simply that efforts to hold down the price of oil are counterproductive. The implication of absolute peak oil would be the logic of rationing.

[Lorianne]

Yes, but the article is about peak cheap oil, not peak oil. (as in an absolute last drop scenario).

Why does no one want to talk about that?