Cambridge Energy Research Associates (CERA) recently released a report called Why the "Peak Oil" Theory Falls Down -- Myths, Legends and the Future of Oil Resources. It's getting a lot of attention, and has produced much consternation in the peakoilosphere.

The definitive response, as usual, is on The Oil Drum.

I must say, the more I read about peak oil, the less complicated the whole thing seems to me. That may sound crazy, since everyone...