Many in the Peak Oil community have trumpeted the rise of oil prices from their 1990's average of aprox $20 (measured by West Texas Intermediate, aka WTI). For example, note these posts at The Old Drum: The Bet Oil Price Touches $100 a Barrel; Signal of Pending Oil Shortages Ignored Holding Daniel Yergin and CERA … Continue reading More good news about Peak Oil, on the demand side
Forecasts of oil production are converging as better data and analysis eliminate many possible scenarios -- including the apocalyptic ones so beloved by doomsters. The experts in this group look for an imminent (starting somewhere in the next few years) peak in liquid fuels (petroleum & biofuels) production, followed by either a long plateau or a slow decline. These five … Continue reading Good news about Global Oil Production!