According to A. M. Samsam Bakhtiari, we have moved from Peak Oil to a phase he refers to as
Transition One:
In my humble opinion, we should now have reached 'Peak Oil'. So, it is high time to close this critical chapter in the history of international oil industry and bid the mighty 'Peak' farewell... At present, global oil output fluctuates around 82 mb/d as some institutions try vainly to push 2005 statistics towards 83 and 84 mb/d (as they always do). But they will be obliged to backtrack as 'actual' oil supplies fail to follow their 'paper' ones.
So that, in the 'Peak Oil' aftermath, we are about to enter what I call 'Transition One' [T1] --- a rather bizarre phase akin to a vague 'no-man's-land' between still adequate oil supplies and the clear realization that demand has definitely left supply behind. I see the tragic '2004 Tsunami' and the heart-breaking '2005 Katrina and Rita' as the precursors signs to 'T1'. This fresh phase might come to burst on the global stage during the coming winter 2005-2006 --- maybe taking large swaths of the public by surprise...
Fortunately, the hidden advantage of 'T1' is that worldwide oil supplies will remain almost constant during this initial phase, allowing those with foresight, intelligence and agility to begin preparing for the next, more-turbulent phases: 'T2', 'T3', .....
But if you believe this will cause people to rethink their energy extractionist ways,
David Roberts passes it through the gristmill first:
It's this: Environmentalists seem to have a somewhat naive faith that once the concept of peak oil sinks in, people will move -- as though by the force of tides -- to support renewable, decentralized energy.
But why should that be true? A much more natural, predictable reaction would be to push like mad for more drilling and for more coal gasification. Both more drilling and more coal-to-liquid-fuel production would fit better with our existing infrastructure and practices, however environmentally malign they may be.