Saudi Arabia minister said they can produce oil for up to 8 years at $20 per barrel.
No peak oil
In a Critical Path podcast I overheard what was already obvious to me: there will be no fossil fuel shortage for decades to come. Earth has so much of it that a cap on extracting oil is in the process of being enacted. For the oil cartel Opec that would suffice. Because why would consumers pay a high price for gasoline if it's abundant?