australias oil endgame, page-9

Some other light reading for those inclined.

Global oil Depletion by the UK energy research centre , a report released AUG 09.
Oil and the End of Globalization - Jeff Rubin. A good down to earth read.

The partys over - Richard Heinberg. This bloke is very vocal with articles globally , a good read.

Beyond oil - Kenneth Deffeyes
The end of Oil - Paul Roberts.
The Prize - Daniel Yergin

Twilight in the Dessert - Matthew Simmons. Everything you should know about Ghawar and the middle east.

Blackout - Richard Heinberg, Peak Coal and Gas, also an update of his book above.

Have read a few articles lately in magazines like "the new scientist", that seem very convincing, but the authors of anti peak oil seem to miss the bottlenecks in the industry which the above authors all advocate. This makes the difference btwn Peak Oil or Oil glut.

Depletion Rates, Refineries, Lower Quality Oil, Deeper, Rarer,Colder,Expensive, Skilled labour, Rig availability, Nationalization, Energy in Energy out, Pipeline and infrastructure replacement.
The effects from global vehicle growth or Electric cars, Conservation, Govt intervention for Global warming, Alternatives ect.

I was a skeptic, then I read the books and here I am.