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"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so."

Mark Twain

 

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"Like Shakespeare's seven ages of man, petroleum production in any given area must have a beginning, a period of increase, a period of decrease, and an end. In this sequence, the most critical date is neither that of the beginning nor of the end, but the date which marks the end of the period of increase and the beginning of the period of decline."

M. King Hubbert

US Imports of Crude Oil

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World reserves are confused and in fact inflated. Many of the so-called reserves are in fact resources. They’re not delineated, they’re not accessible, they’re not available for production. Sadad I. Al Husseini, former VP of Aramco, October 2007.