Peak oil and healthcare

America

A brief explanation of the geology of peak oil is needed.

In the spring of 1956 petroleum geologist M. King Hubbert presented his peak oil hypothesis to a convention of his peers. He told them that production of light (low viscosity), sweet (low in sulfur compounds) crude oil in the lower 48 states, at that time rising exponentially, would peak and then enter into irreversible decline around 1971. Although he was preeminent in his field, most of his colleagues dismissed or ridiculed his forecast.

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