[skannamalai]

The article actually concedes we're discovering "more barrels of oil." It's just that oil is harder and harder to get at from a production standpoint (retrieval, supply chain, finishing, etc). Just because the carbon is there doesn't mean we haven't already eaten all the easy stuff and so his premise is that the remaining fossil fuels (while possibly plentiful) are still really ugly from a cost perspective, driving up energy costs to the point where it alters economies. Which makes sense when you figure the cost of off-shore drilling or fracking or whatever vs sticking a tube in the ground in Texas or what have you.