Author envisions world oil shortage

Kenneth Deffeyes believes the world passed a very important landmark, with very little notice, on Dec. 16, 2005.

On that day, he said, the world’s residents finished off the first half of the world’s oil and started in on the second. Price volatility will be the norm, and if some big changes aren’t made, famine, pestilence, war and death are on the way.

Deffeyes, who presented his ideas during a talk Tuesday night at the University of Alaska Fairbanks, is a Princeton University professor emeritus and author of “Beyond Oil: The View from Hubbert’s Peak” and “Hubbert’s Peak: The Impending World Oil Shortage.”

The idea comes from the work of M. King Hubbert, who predicted in 1956 that the amount of oil produced in the United States would peak in 1970, when half of the country’s oil had been recovered, then start its decline.

Fairbanks Daily News-Miner