Are you suffering from egomania? Your book is open and reads in plain English.
The only way we'll ever run out of CHEAP oil is by law, not by the marketplace or environment.
The industry prices projects for greenlight based on less than $40/bbl long run price. They know a bit more about it than you do.
Rerun: Price is volatile. Also price is not cost
If you want CHEAP oil, look at Venezuela ... where the price is set BY THEIR GOVERNMENT ... something like 12 cents a gallon I think right now.
If you have oil you can do that sort of thing ... or not.
I’ve never argued that governments don’t take their slice or manipulate prices. So why continue to try to argue that point with me?
I agree that the marketplace will set the price ... supply/demand. Peak CHEAP Oil focuses on supply and DEMAND ... not just supply.