[Peakoil] The Death of Peak Oil: End of a Flawed Theory

[Keith]

One of the comments posted below this article is:

"This article reminds me of the joke about the people who claimed to understand Albert Einstein, which a physicist claimed was a total of three, and that he had been fortunate in meeting all fifty.
The fundamentals of peak oil are indisputable, that there is a finite amount of oil on the planet, and that the second half is far, far, FAR more difficult AND expensive to produce than the first half.
Will there be twists and turns in the bunny trail along the way??? Again, indisputable.
Will any of those twists and turns change the fundamentals??? Again, indisputably no."

To me it's like the Erlich/Simon wager: if the settling date for that wager was today, Ehrlich would have won.

Just because The Oil Drum has passed "peak information" does not invalidate its past information. Once you get the principles and fundamentals sorted out, the rest is mere detail. The Oil Drum was about feeding the public demand - almost a frenzy - for information. The serious, interested people now know all they need to know and are sitting back watching the shape taken in the emergence of the downslope. The fad-surfers have moved on to the next scare. West Texas intermediate crude a few minutes ago $US 106.59.
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Keith Thomas
myrmecia at gmail.com
+44 74 2929 4146
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On 23/07/2013, at 6:59 AM, Antony Barry wrote:

The Death of Peak Oil: End of a Flawed Theory
http://www.thefiscaltimes.com/Articles/2013/07/22/The-Death-of-Peak-Oil-End-of-a-Flawed-Theory.aspx


Antony Barry