M. King Meets the EIA

Guest Post by Willis Eschenbach Dramatis Personae: The “EIA” is the US Energy Information Agency, the US agency in charge of data about energy production, consumption, and use. It has just released its January 2014 Short Term Energy Report, with current and projected oil production figures. And “M. King” is Marion King Hubbert, the man who…

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Conventional Wisdom, Unconventional Oil

Guest Post by Willis Eschenbach There’s a discussion over at Judith Curry’s excellent blog, about peak oil. I find the whole madness surrounding peak oil to be one more example of our human love for warnings of future disaster. Few people want to hear that tomorrow will be OK, that things will work out. Instead,…

Peak Oil – the R/P Ratio re-visited

Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument “The R/P Ratio” against Peak Oil being imminent. I would like to present a different view. In fact I draw the opposite inference from the same statistic. From the BP data [1], Willis argued that the “R/P…

Peak Oil – now for the downslope

Guest post by David Archibald When I posted on peak oil’s effect on agricultural costs and food security, some comments questioned the idea of peak oil. What follows is a summary of the subject. We will start with what is considered to be the most successful economic forecast ever made – the prediction in March…