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By Kiely (registered) | Posted May 04, 2012 at 10:24:52
No, Peak Oil is when we have reached the maximum rate of extraction. THAT is simple. Any other implied definition is obfuscation on your part.
If you want to establish any credibility with people who do not believe in peak oil, saying peak oil has 4 definitions and providing a convoluted one as an example is probably not the way to go about it. If you start mixing price into the definition of peak oil you muddy the water and any peak oil discussion very quickly degrades into a debate over the definition of the term, becoming just another useless exercise in semantics.
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