Indeed. This whole "Oh we must implement severe rationing immediately or we're doomed" is exactly what will cause the catastrophe he's talking about.
Yes, we need to be cognizant that regardless of how much more oil advanced tech will allow us to pull from the ground it will run out and likely sooner than later (sometime in the next 50 - 150 years is most likely when it will start to get really hard to maintain production levels) and begin planning for it.
However, planning is not the same thing as saying "Oh everything we've been doing has been wrong, lets lock 99% of the populace into eternal poverty and go back to the 18th century while instituting draconian controls that will have the effect of killing off huge numbers of 'criminals' in the process", it is investing in new technologies and processes so that they are mature and ready to come on line when oil really starts to get scarce and adopting as many oil saving methods as possible now so we extend that date as long as possible.
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Yes, we need to be cognizant that regardless of how much more oil advanced tech will allow us to pull from the ground it will run out and likely sooner than later (sometime in the next 50 - 150 years is most likely when it will start to get really hard to maintain production levels) and begin planning for it.
However, planning is not the same thing as saying "Oh everything we've been doing has been wrong, lets lock 99% of the populace into eternal poverty and go back to the 18th century while instituting draconian controls that will have the effect of killing off huge numbers of 'criminals' in the process", it is investing in new technologies and processes so that they are mature and ready to come on line when oil really starts to get scarce and adopting as many oil saving methods as possible now so we extend that date as long as possible.