1) To the right is the sober voice of reason in the face of the braying Suzukis. Curiously, supply estimates are increasing faster than production which is the exact opposite to the alarmist warnings of the 60s, 70s 80s and 90s. I find it funny that Suzuki doesn’t talk about oil running out anymore. I also find it funny whenever I hear the term “vested interest” in reference to oil politics. David Suzuki makes a living predicting doom and chastising behaviors. Doesn’t he have a vested interest? Seems like a good reason to ignore anything that comes out of his mouth frankly.
2) Also for your consideration is a graph of inflation adjusted oil prices. As you can see, except for that OPEC blip in the 70s, the price of oil has remained remarkably stable. This in spite of the popular mythology to the contrary.
3) In other words everything you hear is probably wrong.