Nobody in the peak oil community says we will run out of oil: "We are not going to run out of oil..." it will simply cost more as demand goes up and supply goes down. This is a pretty basic concept, this guy does not sound credible, I'm wondering who paid him enough to sound like an idiot.

Also he claims the estimates of oil reserves is conservative, "...they tend to be very conservative, these estimates..." but ever since OPEC members agreed that they could only pump a limited % of their reserves each year they have been inflating their reserve numbers to maximize profits, SA has a huge population to support and they don't live all that well.

This bozo isn't worth listening to.