Michael Lynch and others with relevant experience in the area of oil production estimation have shown why the Peak Oil doomsayers have been wrong time and time again. Their theories of total recoverable resources are just not accurate. They join a litany of other false eco-prophets such as The Club of Rome (Limits to Growth, 1972), Paul Ehrlich (The End of Affluence, 1976), etc. who have predicted the end of certain finite resources, only to be proven wrong - multiple times (http://www.reason.com/news/show/34758.html).
I recommend the following for your perusal:
Closed Coffin: Ending the Debate on "The End of Cheap Oil" A commentary
The New Pessimism about Petroleum Resources:
Debunking the Hubbert Model (and Hubbert Modelers)
CRYING WOLF: Warnings about oil supply
Oil: Never Cry Wolf--Why the Petroleum Age Is Far from over
Oil, Oil Everywhere












