Peak Oil – True Or False

The arguments are so one-sided, it’s practically a given that “peak oil” is real and threatening. Or is it? This article examines both sides. It lets readers decide and deals only with supply issues, not crucial environmental ones and the need to develop alternative energy sources. First some background.

The name most associated with “peak oil” is M. King Hubbert. He became the world’s best known geologist when he worked for Houston-based Shell Oil Company from 1943 to 1964. His theory goes something like this. Oil is a finite resource. Peak oil, or Hubbert’s peak, is the point at which maximum world production is reached, after which its rate terminally declines.
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There you have it – peak oil or vast untapped amounts of the abiotic kind awaiting new technology to access it. Readers can weigh the evidence, find more on their own, and decide what’s true or false. In the fullness of time we’ll know, but for now we must rely on our best judgment with plenty of ammunition on both sides of the argument to consider.

CounterCurrents