Ever since July 2007, the International Energy Agency (IEA) has taken the concern of people like me a lot more seriously. A mix of geologists and energy observers have been worried about a potential oil supply future where production hits a plateau and even declines by the late 2010s. IEA calls for demand reduction and supply investment have gotten louder and louder as the months pass by. And today, IEA chief economist acknowledged that we are within two years of the peak in production of non-OPEC conventional oil. This means (more…)