The “Peak Oil” Pig Returns With A New Shade Of Lipstick

29 Jun 2017   Peak Oil

Proponents of a new strain of the always-tiresome, never-correct “Peak Oil” theory have returned to the public discourse , this time with a new theory coming from the other side of the crude oil supply/demand equation. Prior iterations of “Peak Oil” theory – which noted author Daniel Yergin traces all the way back to the 1880s, when alarmists claimed that oil would never be discovered anywhere west of the Mississippi River (Texas, Oklahoma, North Dakota, Louisiana, Wyoming, Colorado, Utah, New Mexico, Montana, Kansas, California and Alaska beg to differ) – have always focused on supply. According to “Peak Oil” theorists down through the decades, oil production has constantly been at or near its “peak”, and the end of the age of oil is always […]

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