[lbo-talk] Is There Anything To This Peak Oil Business?

Doug Henwood dhenwood at panix.com
Sun Nov 16 12:27:15 PST 2003


Miles Jackson wrote:


>I think this came up onlist a few years ago; you should check
>the archives. Deffeyes's book Hubbert's Peak is a good
>exposition of this. He's a geologist who uses a plausible
>statistical model to predict a worldwide peak in oil
>production no later than 2010. His model quite nicely
>accounts for the rise and continuing decline of oil
>production in the U. S. As with all statistical models,
>the model only as good as the assumptions used to create
>it; however, it's not crackpot-green propaganda.

From what I've read, it may be just the opposite - petrophiles love it because it justifies subsidies and more aggressive exploration.

Doug



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