Quote:
Originally Posted by Arragonis
From the OP:
That will be the Simmons who wrote extensively (and thoroughly - his analysis of the situation in Saudi is worth a read) on peak oil - which is not happening anytime soon apparently.
|
Five Misconceptions About Peak Oil
Pay particular attention to Misconception 1: Peak Oil=Running Out of Oil.
"In fact, anyone concerned about peak oil will readily acknowledge that we are going to be producing oil for a very long time, and when we stop there is still going to be a lot of oil left in the ground.
So what then is the definition of peak oil? In its simplest form, peak oil means that just as oil production in the United States peaked in 1970 and began to decline, so shall the rest of the world. Once you get past that basic premise – one in which there is near-universal agreement once people understand that is what you mean when you say 'peak oil' – there are many different opinions of exactly how events will unfold."