What’s Wrong with Peak Oil Theory? Consider ‘Peak Gas’.

By: Steve Maley (Diary)  |  January 28th at 11:00 AM  | 

This is an abbreviated version of a post at my personal blog. There you will find more detailed text, additional figures and references. In 1956, M. King Hubbert predicted that crude oil production in the U.S. (ex-Alaska) would peak in rate around 1970, to be followed by a long, irreversible decline. Hubbert nailed the timing of the peak, and in doing so, cemented his status | Read More »

Hubbert’s Peak or Yergin’s Plateau?

By: Steve Maley (Diary)  |  September 18th at 09:20 PM  | 

In 1956, Shell geologist M. King Hubbert correctly predicted that oil production in the United States would reach a peak around 1970. Since his Peak Oil theory fits so well with the Malthusian worldview of “Progressives”, anti-capitalists and anarchists, Hubbert has become a posthumous hero to the Left, an unusual role for a scientist polluted by the filthy lucre of the oil industry. Peak Oil’s | Read More »