Peak Oil experts don't claim that we will "run out" of oil, but that we will run out of cheap oil, as production decreases and demand increases. They note that below-ground factors and above-ground factors could create a perfect storm, as rapid depletion of major oil fields drives resource nationalism, geopolitical turmoil, and rising oil & gas prices.
The deniers of Peak Oil say that technology, new discoveries, and unconventional oil will come to the rescue. If their Pollyanna predictions are wrong, we are in deep trouble; if the Peak Oil experts are wrong, we will have conserved and mitigated ahead of schedule. ASPO-USA says the latter prudent and conservative approach is the path we must take as a nation.
Professor Peter Bishop of the University of Houston's Future Studies Program will conduct a conference session to explore scenarios of Peak Oil impacts on the City of Houston, the intelligent responses to mitigate these impacts, and the needed steps going forward to preserve the city's position as "Energy Capital of the World."
The Houston Conference agenda will feature technical sessions on Reserves and Production; Substitute Fuels; Peak Oil & Climate Change; Peak Oil Reports from the GAO, National Petroleum Council, and AAPG; a Natural Gas/LNG Update; a Net Energy Update; Mitigation Scenarios; Smart Policy Initiatives (local, state & national); and Smart Money & Investment in the Age of Peak Oil.
Read Dave Cohen comments on the conference