What's interesting is that he accepts the premise of peak oil. He just puts it a few decades further out than the climate alarmists. He says we should continue to invest in fossil fuels in the meantime, which makes sense, but what if peak oil really does happen in, say, the latter part of this century? If there's a serious energy choke point coming, we had better be getting a plan B together. IMO that plan B needs to be nuclear, because wind and solar aren't going to cut it.
That’s just common sense to anyone in the oil industry. No great shakes in admitting peak oil but it changes based on price. We will run out of useful production rate first but we will never run out of oil in the ground. It will just become too hard and expensive to produce and at a rate too low to fuel society. Something else that is effective needs to be found before it becomes a real crisis but it will not. Politicians and people live by crisis and just about never plan ahead.
Bah! They’ve been claiming we will hit peak oil any year now for 45 years. Peak oil is nowhere in sight.