Peak Oil Revisited

March 3, 2007 at 12:12 am | Posted in Politics | Leave a comment

Over a year ago, petroleum industry expert Ken Deffeyes predicted the peak of world oil production as November of 2005. His book Hubbert’s Peak is worth reading now, especially with Saudi Arabia’s 2006 production data now available.

Unfortunately, things are not looking good. Saudi oil production has declined 8% even as the number of production wells has increased dramatically. By the end of this year, we may be wishing for $3 a gallon gas.

Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.
Entries and comments feeds.

%d bloggers like this: