Wednesday, October 19, 2011

Something useful on peak oil

I have criticized wooly thinking about peak oil in the past, but I have a lot to learn, so it's good to come across some clear thinking on the topic from Jim Murray (pdf). This, for example, is quite neat:
Peak oil hypotheses 
It's not about the reserves 
It's about the production rate 
We are not close to running out of oil 
Never predict the future price of world oil or the date of world oil peak. You will only be proved wrong and discredited.

No comments: