According to a new study published by the Cambridge Energy Research Associates (CERA), peak oil is a faulty theory. CERA argues that the world oil resource base is triple what peak oil proponents argue, and that rather than a single peak production will reach an undulating series of peaks. [kurzweil]
3 thoughts on “Peak Oil Theory Faulty”
Watch out for these guys; take a look at CERA’s report is over-optimistic for another viewpoint.
Also, check out Beyond Oil: The view from Hubbert’s Peak by Kenneth Deffeyes. He spent his entire career in the field as a petroleum geologist and is a Professor Emeritus at Princeton University. He (along with many others) think world peak oil production occurred in 2005.
This isn’t very surprising. The next thing you know, they’ll be saying that climate alarmists are using faulty methodology in predicting anthropogenic climate disaster! Always trying to cover up the end of the world, aren’t they?
I wish it were true but I wouldnt bet on it.
Comments are closed.