Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on November 30, 2005

Bookmark and Share

Another Peek at Peak Oil

Brian Gorman recently took a look at BP’s big investment in alternative energy. He suggested that the driving factors behind this investment are the desire for energy independence, consumer consciousness, and government support for alternative energy. From my perspective, when I see a major oil company investing $8 billion outside the oil patch, I think of peak oil.

Over the weekend, I read Beyond Oil: The View from Hubbert’s Peak by Kenneth S. Deffeyes. The book is a sequel and an update to his previous work, Hubbert’s Peak: The Impending World Oil Shortage. If you can’t tell from the titles, Professor Deffeyes believes that the world’s production of conventional crude oil has peaked and will now decline forevermore. In fact, he predicts that Thanksgiving Day 2005 was the official “peak oil day.” Put a fork in it: The age of oil is done.



The Motley Fool



Leave a Reply

Your email address will not be published. Required fields are marked *