Conventional Oil Peaked in 2006 –IEA-EIA-NATURE-ENERGY-SCIENTIFIC AMERICAN
http://www.nature.com/nature/journal/v481/n7382/full/481433a.html
http://www.sciencedirect.com/science/article/pii/S0360544213009420
https://www.scientificamerican.com/article/has-peak-oil-already-happened/
New Oil discoveries by scientists have been declining since 1965 & last year was the lowest in history –IEA-USGS
We have been draining our oil reserves by consuming more oil than we discover since the 1980’s - ASPO
Aging giant oil fields produce more than half of global oil supply and are declining (Hook, 2009)
http://www.sciencedirect.com/science/article/pii/S0301421509001281
Saudi Arabian oil reserves are overstated by 40% - Wikileaks
https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks
BP 1.7 Trillion barrels proven oil reserves NOT so proven
http://crudeoilpeak.info/oil-reserves-and-resources-as-function-of-oil-price
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790
Saudi Aramco CEO believes oil shortage coming despite U.S. shale boom