What Is Peak Oil Thesis

Caruba writes a weekly commentary, "Warning Signs," posted on the Internet website of the National Anxiety Center, which is located at Carubas new book, Right Answers: Separating Fact from Fantasy, has been published by Merril Press.Return to Top of Page Go to the WEBSITE INDEX Return to Beginning of THE PROGRESSIVE CONSERVATIVE, USA, Public Issues & Political Controversies Return to Beginning of THE PROGRESSIVE CONSERVATIVE, USA Most Recent Articles Return to Beginning of THE PROGRESSIVE CONSERVATIVE, USA, Volume IX, 2007 Return to Beginning of THE PROGRESSIVE CONSERVATIVE, USA, Subject Matter Highlights Return to POLITICAL EDUCATION Homepage CONTACT & ACCESS INFORMATION This is not a commercial website.

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It is not easy reading because Clarke is an economist by trade, an advisor on corporate strategy and geopolitical issues in the oil industry, and much in demand on six continents for his expertise.

Fact by fact, Clarkes analysis requires one to bring a great deal of concentration and effort to read his book, but it is well worth the effort because he dissects the Peak Oil myth and its advocates with surgical skill and patience.

Clarke further writes: Thanks to vivid media coverage and prodigious output of publications, Peak Oil has begun to capture the public imagination.

It has only rarely been subjected to rigorous analysis, although much evidence to contradict its thesis is found.

Like environmentalism, it is less a science and more a new form of religion or ideology in which one takes its facts on faith.

Selective computer models keep producing these facts, but events like the September, 2006, discovery by Chevron of a huge deep water new field in the Gulf of Mexico keep contradicting them.The cause could be geological or it could be economics but most likely it will be a combination of the two.Matthew Yglesias Recently wrote in Slate: “I will admit that I’ve always found the “Peak Oil” debate to be a little bit confusing, especially because both the words “peak” and “oil” turn out to have some ambiguity to them.” Some include such things as ethanol, biodiesel, palm oil, bottled gas such as propane and butane and even refinery process gain as oil, I only track, and regard as oil, crude oil plus condensate.The sole purpose of the website is to share with interested persons information regarding civics, civic and social education, political science, government, politics, law, constitutional law and history, public policy, and political philosophy and history, as well as current and recent political developments, public issues, and political controversies.It simply does not matter why peak crude oil extraction is reached, the peak is the peak regardless of the cause.King Hubbert, an American geoscientist with a long career in the oil industry who, in 1956, predicted that the world would begin to run out of oil within a few decades.Hubberts prediction was picked up and amplified by others to the point where there is now an Association for the Study of Peak Oil that, several times, has had to revise its estimates of when the world runs out of oil. New reserves of oil, as well as new technology to revive existing fields, find new ones and drill in the oceans depths, keep pushing the date further and further off.Thats why Clarkes book is subtitled Peak Oil Myths & World Oil Reserves.The notion of Peak Oil, a point at which the worlds oil reserves begin to fall off and chaos follows, is based on the belief that there is a finite amount of oil, no new oil will be discovered and extracted, and, well, were doomed.This is fine for pessimists, but there is a real world out there and the indications are theres plenty of oil.The Russians obviously think theres some under the Artic and are taking steps to lay claim to it.


Comments What Is Peak Oil Thesis

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