RedStateGreen wrote:As far as I could tell, he was trying to get people to pay attention, because the oil companies needed to prepare for things to be different. Seems to have worked; US oil companies are now all over the world, still making money.![]()
Well that certainly is a nice piece of revisionism. The truth is that in the immediate years after Hubbert's releases in the mid seventies, the IEA & DOE had virtual flat line twenty year targets for oil production until 1995. They expected electrical generation to be overwhelmed by the nuclear and hydro setors.
But alas, the environmentalists roadblocked both paths and insisted that to protect us all from the inevitable meltdowns and the loss of thirteen owls, policy makers should stick to coal and natural gas.
The actions of these environmental zealots led to exceess in fossil fuel based power generation and three generations of gasoline/diesel powered vehicles.
In effect, the greenies traded nuclear winter and electric cars for GHG's and the threat of rapid climate change. Well done, tree huggers ... won the battle and lost the war!