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from that article...
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Given that the companies investing in fracking are losing money at almost any price per barrel, and that the price is falling, we think such a miracle is unlikely. Thus we, and those energy analysts that met in New Orleans, agree with Birol: Hubbert’s analysis is alive and well (if somewhat delayed), our oil future is very uncertain, and the world is totally unprepared for this eventuality. Even if a decade, or possibly two, has been gained with fracking, nothing has been done to reduce demand for oil in that interim. Meanwhile, our teaching and use of economics is badly in need of incorporating the importance of energy in its operation and future assessment.
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Recall that the EIA's estimate of Proven Oil Reserves for the U.S., at current consumption rates, is only 5 years...even if you "Quadruple" that amount, you can see the problem...this is also a National Security Issue since 60% of our oil consumption each year goes to the Military.

We need to stop depending on Fossil Fuels and move to Nuclear and Renewables...ASAP...so Rep. Bowman is absolutely correct in his statement of urgency...if you think the situation is NOT urgent, please explain why.


Link: https://www.chemistryworld.com/opinion/why-fracking-isnt-the-answer-to-the-peak-oil-crisis/3009956.article