Peak Oil vs. Global Warming

PEAK_RATE_LESS_CURRENT_RATE gallons/day below peak.

Peak-Oil Theory is accidentally playing into the hands of Big Oil and is the most climate-destructive force in energy policy. Peak Oil vs Global Warming
Peak-Oil Theory has two parts: (1) cheap oil production will peak and start to decline very soon, if it hasn't already; (2) the peak in oil production will be followed immediately (within five years) by an "earth shattering economic crisis." Cheap oil may well peak very soon, or may have already peaked, but the economic crisis, which will supposedly kill about 4 billion people, is nonsense.

The original theorists were all petroleum geologists. That's why their oil predictions, though unusual, make some sense. The smartest, Princeton geologist Kenneth Deffeyes, says "I emphatically do not understand economics." He's right; he doesn't. All of the peak oil experts hate economics, don't read economics, and don't look at the recent history of the world economy