Yes they take years but it will not catch up with the declines. That is how it works…
Biggest year how? Not in discovery and not in production. We have not had a signicant discovery since the 60s. We are consuming 3-4 for every 1 we find. The big discoveries are not there any more. Mexico will cease exporting in 3-5 years, the UK just did 2 years ago. Iran peaked in like 03.
Every well peaks and declines, every geographic region peaks and declines and the world has.
I guess if it makes you feel better to think that but it is not very realistic..
The Basis of the Problem Is Psychological, Not Technological
As the oil crisis worsens there will be various forms of aberrant behavior: denial, anger, mental paralysis. There will be an increase in crime, there will be strange religious cults or extremist political movements. The reason for such behavior is that fundamentally the peak-oil problem is not about technology, and it is not about economics, and it is not about politics. It is partly about humanity’s attempt to defy geology.
It is very unfortunate because there are many things we could have done or still do. But not even acknowleding the problem makes things worse…
