[beyond the sea]

Peak oil is a decades old lie creating artificial scarcity and thusly higher prices. There is scarcity, but it is a scarcity of supply versus demand.

I agree with that, but I also think there is a scarcity of honesty concerning from where oil is actually derived. "Peak Oil" is a scam.

So far, the situation has proven to be one of logistics and economics

.......... "logistics and economics" and environmental-case politics and greed.

[Einigkeit_Recht_Freiheit]

Would one of you please explain why the US oil production has now peaked and is rapidly dwindling?

It would be great if you did so based on this theory you are purporting rather than tell me it is because we are not drilling in other places cause I already know that. Of course maybe you can also explain why they won't eventually run out too.

Or, even if oil is generated in this way, how we are not currently burning more than the earth produces? Because up to this point, I haven't read anything that makes much sense.

[Smokin' Joe]

I agree with that, but I also think there is a scarcity of honesty concerning from where oil is actually derived.

I have described several hundred miles of well samples in my career.

All the oil I know of has come out of holes in the ground, and all the formations I have found it in are sedimentary rock or fractured volcanic rocks which overlay the sedimentary rock the oil is believed to have come from.

If there are any 'great secrets' they have not been disclosed at my pay grade, and I keep finding oil in conventional places.

"logistics and economics" and environmental-case politics and greed.

It is not 'greedy' to make a 10% profit, especially when the lion's share will go back into finding more of what you are selling. Coca Cola made twice that margin on stuff to corrode your teeth.