Peak crude oil did not happen in 2018. But we are still running out of time
What matters is that oil is finite, and is showing signs of being on the verge of decline since conventional oil entered a plateau in 2005 and unconventional oil (mainly fracked shale oil with a little help from Canadian oil sands) raised the plateau in 2015 and still on that plateau in 2025.
The shale boom that made the U.S. the world’s top oil producer is nearing a crucial turning point
The U.S. shale boom is running out of steam, making Venezuela’s vast reserves look attractive to some U.S. oil companies.