The USGS, CERA - Lynch, Yergin etc... all contend that oil discovery is going to follow that green line in this graph. That's the basis for them predicting Peak Oil at 2030 or later.
Now I understand that most of you are not Petrologists, (although of course some of you are), but do you really need to be to question the wisdom of this prediction?
Does anybody really still believe that oil discovery is going to magically reverse it's 40 year trend, & rebound to new heights as this graph implies?
It seems impossible to me that any reasonable person could actually believe such nonsense, so I conclude that they in fact, do not actually believe it, despite their public commentary.
Of course that's just my opinion... I could be wrong.