The concept of “peak oil” as sold to us by by the liberals that use the term certainly is a scam. Not only do we have the “fracking” and 4 D (the 4rth being TIME) underground seismic imaging that have added centuries worth of domestic oil (now profitable at $50 per barrel and over) to what is available we also have huge swaths of land and offshore areas that HAD BEEN CLOSED TO EXPLORATION for decades.
Sure, the oil is there, but getting it out of the ground is the issue.