Oil 1 Peak Oil 21
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Peak Won’t Happen SoonPeak isn’t imminent – global production will remain steady. Ronald Bailey, science correspondent for Reason magazine, Reason, “Peak Oil Panic,” 5/06, http://www.reason.com/news/show/36645.html Probably the most respected private oil consultancy in the world is Cambridge Energy Research Associates (CERA) in Boston. On December 7, 2005, CERA senior consultant Robert W. Esser testified at a House Energy and Air Quality Subcommittee hearing on the peak oil theory. “CERA’s belief is that the world is not running out of oil imminently or in the near to medium term,” Esser said. “Indeed, CERA projects that world oil production capacity has the potential to rise from 87 million barrels per day [mbd] in 2005 to as much as 108 mbd by 2015.…We see no evidence to suggest a peak before 2020, nor do we see a transparent and technically sound analysis from another source that justifies belief in an imminent peak.” Instead of a sharp peak followed by a production decline, CERA’s analysts foresee an “undulating plateau” in which global oil production remains more or less steady. “It will be a number of decades into this century before we get to an inflection point that will herald the arrival of the undulating plateau,” said Esser. Peak Won’t Happen SoonPeak won’t happen soon - by 2100, the oil industry will be stronger than it is today. Peter R. Odell, Proessor Emeritus of International Energy Studies @ Erasmus University, “Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy,” 2004, p. xxii 
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