Venezuela
With Peak Oil dominating foreign policy, five areas of the world are emerging as critical: The Middle East, West Africa, Canada’s Alberta tar sands, The Caspian Basin, and Venezuela’s Orinoco belt. In all five regions US hegemony and influence have been successfully challenged, even in Canada where China has secured portions of the paltry one million barrels a day of production and has plans to build a pipeline to Canada’s Pacific coast. The United States alone consumes 22 million barrels per day so the production numbers from these very expensive and hard-to-develop regions will never come close to even offsetting a global decline rate now estimated at six to eight per cent a year. The species is already fighting over scraps.

Prominent CERA official – “Peak Oil theory is garbage”
Cambridge Energy Research Associates (CERA) is a widely touted US-based energy advisor firm. They bill themselves as a source to “help decision makers anticipate the energy future and formulate timely, successful plans in the face of rapid changes and uncertainty.” One aspect of our energy future about which CERA appears certain is the concept of peak oil. "Peak Oil theory is garbage as far as we’re concerned", said Robert W. Esser, a geologist by training and CERA’s senior consultant/director of global oil and gas resources, according to Business Week online national correspondent Mark Morrison (Sept 7).

Saudi Aramco boss says world could have 4.5 trillion barrels oil
Enhanced oil recovery techniques and other advances in technology could boost the world's potentially recoverable oil reserves to more than 4.5 trillion barrels, translating into 140 years of supply at current rates of consumption, Saudi Aramco CEO Abdullah Jum'ah said Wednesday. "Our first technology target is finding new oil fields in order to increase the world's conventional oil resource base. Current estimates of total oil in place range between six and eight trillion barrels, but historically the industry has been rather conservative with projections of oil in place and proven reserves," Jum'ah told an OPEC seminar in Vienna.

Saudi, U.S. Officials Confident Technology Will Boost Reserves
Saudi Arabia's top oil company executive and the head of the U.S. government's energy forecasting agency said they are confident technological gains will boost oil reserves and production rates in coming years. "Technological transfer occurs more quickly in this industry than in any other," Guy Caruso, head of the U.S. Energy Department's Energy Information Administration said at a conference in Vienna today. High oil prices will speed up such advances, he said.

Why we must take Peak Oil seriously
Dr Ali Morteza Samsam Bakhtiari is a former senior energy expert who spent his long career, which started in 1971, employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. During the course of his employment with NIOC, he held many important positions of trust and responsibility. Dr Bakhtiari is now fully retired from NIOC, in accordance with a mandatory age requirement. He has no current official link with the company. But, luckily for us in the Western world, he is among the pioneers of the global "Peak Oil" theory.