What matters is the rate of renewal versus the rate of consumption. If the rate of renewal is much less than the rate of consumption, then we will very soon need to cut back sharply on our usage.
We can be very sure that the rate of production over the last few hundred million years is much less than the rate of consumption over the last 100 years -- otherwise we would have had oceans of oil to deal with.
“rate of production” == that depends on man harvesting it ... doesn’t it?
What if we found out the quicker we harvest it, the more it produces?
The number one cause of peak oil theory is the EPA