Mr Schwartz is doing no one any favors with such arguments at this late date. One obvious hole in his argument against Peak Oil is his admission that future oil will be more costly, from harder to obtain reservoirs. Why? Because, as he very well knows, most if not all of the easily obtained oil has been discovered, produced and is now running out. As Prof. Aleklett and his students at the University of Uppsala have shown, it's the super-giant oil fields that contain by far the most oil on the planet, these were easily discovered over 40 years ago, and they are all now in production decline, hence Peak Oil is now, not in the future.

One would think an expert of Mr Schwartz's stature would educate himself better in these matters before adding confusion to the critical topic of Peak Oil for our government's leaders at this critical time. Sad to witness.