2012 32mbs
2014 64mbs
2018 128mbs
2020 256mbs
2022 512mbs
2014 + 2 =
Answers on the back of an envelope, please.
You're mistaken in what the "peak" in peak oil means. The peak refers to the AMOUNT of oil produced, not the price of oil. If the price of oil peaked, there wouldn't be a problem, would there?
The concept is that oil will continue to rise in price (as you said) and that eventually it will become so expensive that demand for it will drop. Despite the drop in demand, because the stuff will become so expensive to extract, it will still continue to rise in price and drop in demand.
That's the theory anyway - I personally don't think there will be a clearly defined peak in extraction, but more a rollercoaster.
Tell that to Nigeria.
He has not acquired a fortune; the fortune has acquired him. -- Bion