Peak oil not just a theory

I've provided evidence for a while that the world will not run out of oil any time soon. What it will run out of is cheap and easy-to-find oil. The IEA continues to overstate crude oil reserves in the Middle east--mainly to counteract a panic buying frenzy on fears of a pending shortage.

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7500669/Oil-reserves-exaggerated-by-one-third.html

Meanwhile, the Chinese continue to strategically secure energy resources via direct purchases or investments in natural resource companies.