Peak Oil is You
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Page added on September 6, 2014
Ten Reasons to Take Peak Oil Seriously
Forty years ago, the results of modeling, as presented in The Limits to Growth, reinvigorated a discussion about exponentially growing consumption of natural resources, ranging from metals to fossil fuels to atmospheric capacity, and how such consumption could not continue far into the future. Fifteen years earlier, M. King Hubbert had made the projection that petroleum production in the continental United States would likely reach a maximum around 1970, followed by a world production maximum a few decades later. The debate about “peak oil”, as it has come to be called, is accompanied by some of the same vociferous denials, myths and ideological polemicizing that have surrounded later representations of The Limits to Growth. In this review, we present several lines of evidence as to why arguments for a near-term peak in world conventional oil production should be taken seriously—both in the sense that there is strong evidence for peak oil and in the sense that being societally unprepared for declining oil production will have serious consequences.
5 Comments on "Ten Reasons to Take Peak Oil Seriously"
peakyeast on Sat, 6th Sep 2014 10:08 am
Its not comforting that viewing this page downloads an unnamed pdf file automatically (firefox).
rockman on Sat, 6th Sep 2014 11:22 am
Seems like there’s just one obvious fact to take the approaching limitation of the supply/demand dynamic (the POD) seriously: the tremendous wealth transfer from oil consumers to oil producers we’re already experiencing. All the rest of the discussions amount to not much then filler material IMHO.
Plantagenet on Sat, 6th Sep 2014 11:48 am
We would already be struggling with peak oil if George Mitchell hadn’t come up with slickwater fracking.
Nony on Sat, 6th Sep 2014 3:40 pm
Frack the Anwar
rockman on Sat, 6th Sep 2014 5:03 pm
Actually George didn’t event slick water fracs…one of the service companies did. But George had the smarts to use their services. Just like other companies that were doing slick water fracs at the same time. OTOH while it was a nice tweak to the method it was exactly a game changer IMHO.