Peak oil is no longer supply driven. it is demand driven. We will never run out of oil, we will run out of the demand for oil - in the very long run.
That's a great observation. I think a lot of folks -- including me -- are confused by "peak oil" and Hubbert's theory. Wiki suggests the same. According to wiki, Hubbert predicted US peak oil would be about 1970 ... wiki says he was "premature." I have not read Hubbert's original work(s) but what little I've read about Peak Oil it sounds like many folks -- including me -- do not understand what he was trying to say. I'm not even sure he explained what causes Peak Oil. Wiki notes that Peak Oil is not synonymous with oil depletion. (I'm not even sure if Hubbert's theory has any utility.)So, I use "Peak Oil" loosely mostly because I still see articles suggesting that "Peak Oil" is still just around the corner.I have an emotional interest in this because I loved muscle cars during my teen-age / young adult years and was always concerned that our daughters and grandchildren would never experience that joy (if they wanted) because of "peak oil." Now, I know that if our granddaughters enjoy cars like Jay Leno does, they can enjoy those cars. There will always be enough energy, even if they are EVs.