One does wonder if this article was financed by oil companies. Richard Pike, the specialist the article referred to had a 25 year career at BP [1] and has put forward arguments that oil shortage is a myth [2]. I am adding The Economist to my list of untrustworthy new sources.

[1] http://www.rsc.org/AboutUs/News/PressReleases/2006/NewCEO.as...

[2] http://www.independent.co.uk/environment/climate-change/oil-...