All you have to know is that Smith's co-author Jerome Corsi also co-authored a book with John O'Neill that led to the "Swift-Boating" of John Kerry.
And you have to know you are being suckered into a FALSE argument because no sane Peak Oiler would say, "we are about to run out of oil" !!!

That is absolutely NOT the issue.

The Peak Oil issue is that our extraction arteries (or veins) are getting more and more clogged with old age plaque. It's getting tougher and tougher to pump the oil out through those clogged blood vessels. That is why many experts say we won't get much past 85mb/day globally, no matter how much in "reserves" is claimed to be down there.