With new oil discoveries and more effective extraction methods, the world is probably many decades away from peak oil
Images:
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I first wrote about "peak oil" in 1998, reporting on an in-depth article in _Scientific American_ by petroleum geologists Colin Campbell, PhD, and Jean Laherrère. Campbell and Laherrère believed that up to that time the world had consumed about 800 billion barrels of oil (BBO), and the known reserves of conventional crude oil totaled about 850 bbl in 1996 and another 200 BBO of conventional oil was yet to be discovered.
[1]: http://www.greenbuildingadvisor.com/sites/default/files/imagecache/blog-river/Oil drilling platform - Mike Baird.jpg (Photo of an oil drilling platform near Santa Barbara off the California coast)
[2]: http://www.greenbuildingadvisor.com/blogs/dept/energy-solutions/end-peak-oil
[3]: http://www.greenbuildingadvisor.com/sites/default/files/imagecache/blog-river/Hubbart_07_EnergyWatchGroup_UK.png (Hubbert Curve of world oil production)
URL: http://www.greenbuildingadvisor.com/blogs/dept/energy-solutions/end-peak-oil
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