“Unlike Hubbert, the Peak Oil movement of the early 2000s was concerned about declining oil production volumes. That’s where Peak Oil went wrong. What it got right was its emphasis on the economic consequences of peak oil. …
“For those who think that peak oil was a failed idea, a dead concept, think again. It happened decades ago and that explains why it has been so difficult to regain the robust economic growth of the past.
“The real cause of widespread discontent in the world — whether from the MAGA Republicans in the U.S. or the Gilets Jaunes in France — is the deterioration of economic prosperity for all but the very richest in society. People know that their circumstances are worse than they were a few decades ago.
“Some blame their leaders. Other’s blame the ‘elites.’ Many blame immigrants. The real reason is peak oil. …”
— From “Peak Oil is Dead — Long Live Peak Oil” (Art Berman; March 13, 2024). https://www.artberman.com/blog/peak-oil-is-dead-long-live-peak-oil/