
Originally Posted by
billvon
Which will make it more expensive. Which will drive people to alternatives. Which will slow down use of oil, which will extend the reserves.
It's none linear.
Production will be falling anyway. Demand will have to adjust to the production.
From the beginning of production. Raw production capacity is increasing, but yields are decreasing.
During the fall, the raw production capacity will keep increasing, but yields will keep decreasing faster.
Trying to catch up, would require exponentially more production capacity, for exponentially less production.