The most common response I get to all of this is simply denial. The reserve situation "can't be that bad."
In effect, in my opinion the very lifeblood of the world industrial economy is draining away in front of our very eyes. The only question is how fast the patient is bleeding to death.
Sorry to be the bearer of bad news, but you wuz warned.
Jeffrey Brown is an independent petroleum geologist in the Dallas, Texas area. His e-mail address is email@example.com.