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Promoters of the various brands of Peak Oil theory took several body blows this week via remarks delivered by IEA Chief Fatih Birol in Davos and a new study issued by Rystad Energy.
Instead of hitting peak oil as many have predicted, worldwide oil production seems to be going up. S&P 500 +---% | Stock Advisor +---% Join The ...
Proponents of "Peak Oil" supply theory have been consistently wrong since at least the 1880s. Today's proponents now focus on demand, but they likely remain every bit as wrong as their predecessors.
When Haitham Al-Ghais, the director of market research for the Kuwait Petroleum Corporation, was asked about peak oil demand Monday, he smiled broadly and responded quizzically, "what demand ...
Peak oil was a theory developed decades ago that suggests we will soon reach a point of maximum oil production, after which oil will only become harder and harder to find, leading to an enormous ...
First, the need for innovation doesn't make peak oil a theory. If any, it confirms peak oil as a problem. Second, it's not the oil price that makes oil cheap but the energy required to extract it.
All right, the headline might be a tad hasty. Nevertheless, geologist M. King Hubbert famously (and so far) correctly predicted in 1956 that U.S. domestic oil production in the lower 48 states ...
"NONE OF US can go a little way with a theory," wrote John Henry Cardinal Newman (1801-1890) in his book Essays Critical & Historical. "When it once possesses us, we are no longer our own masters ...
Maybe peak oil theorists have had it wrong all along. Peak oil theories have been around for decades. Marion King Hubbert accurately predicted a peak in U.S. oil production in 1956, in the first ...
The peak oil theory does not necessarily say that the world is running out of oil. That's actually an unstated fact. After all, nobody is actually making more.
The concept of peak oil demand has overtaken the oil world since last summer when Shell... Peak oil demand, a theory with many doubters San Antonio Express-News Hearst Newspapers Logo ...