The Oil Drum: Can Acts of God and Bush Explain the Plateau We Face?

As you can see in this chart, if the various problems we’ve had over the past couple of years had not have occurred, we would have had more oil and slightly less volatile supply.

However, the plateau shape in production doesn’t go away. If anything, it’s a little more pronounced. So I think to argue that the recent plateau is explained by hurricanes is to select only those factors that fit one’s desired outcome. Looking at the broader picture, the plateau cannot be explained by the acts of God and Bush…it can only be explained by a peak of production.

Much more after the jump to The Oil Drum.