Monday, August 19, 2013

Nails in the Coffin of Peak Oil Theory

The Oil Drum | Three Nails in the Coffin of Peak Oil: "When I submitted the title to the AAPG many months ago I thought there were three main nails in the theory of Peak Oil, but when I came to write my talk I discovered there were four, hence the introduction of Nail 0. For the time being at least, it is an undeniable fact that oil production has continued to rise. Note that in this case, C+C includes conventional crude oil, condensate, shale oil and tar sands production but excludes biofuel and natural gas liquids. All scientists should update their views and theories when new facts come to light." (read more at link above)

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