The Spoils of Oil

If you’re like me, your head will be spinning reading Jim Motavalli’s cover story this issue (“The Outlook on Oil,” page 26). How can so many “experts” and “industry analysts” have such varying opinions as to when we will—or when we did—reach the world’s peak of oil production? What with predictions ranging from right now to 30 years hence to 30 years ago, I can only conclude one of two things: (a) only one of them is right; or (b) none of them are right.