You're saying you never understood what peak oil theory was: that we'd reach a time when the easy oil had been extracted, and we'd have to resort to other means which are more expensive.
That happened, with domestic production. Then we became reliant on Middle Eastern oil. They haven't reached the point where the easy oil stops, so we don't know if it ever will. In the meantime the usurper is destroying domestic production, making us rely on foreign oil again.
You have missed many decades of clear evidence; try to keep up
Wasn’t that the time when “peak oil” was happening, too?
Peak oil happened. Hence fracking
You're saying you never understood what peak oil theory was: that we'd reach a time when the easy oil had been extracted, and we'd have to resort to other means which are more expensive.
That happened, with domestic production. Then we became reliant on Middle Eastern oil. They haven't reached the point where the easy oil stops, so we don't know if it ever will. In the meantime the usurper is destroying domestic production, making us rely on foreign oil again.
You have missed many decades of clear evidence; try to keep up