we will probably observe peak demand before peak supply.
PEAK.....SMEAK......Our climate can't take much more of this 84 mbpd!!!
Why would this be>? Does Hubbertian methodology work on human consumption habits as well as oil? I think we will see A CONSUMPTION peak but not a demand peak - demand will outstrip supply after 2008 or so - forever.
What I meant is that demand is growing so fast that supply growth cannot keep up but it does not mean that we are peaking  in term of production yet. We are probably reaching a plateau right now with little yearly supply growth.