Go ahead, buy an SUV

Here’s a recent article on msnbc dismissing peak oil.  An assumptions made in the article is that oil consumption will remain constant (not increase?).  I’m sure China would argue that one. 

A quote from the article reads:

“Peak oil” theorists fail to note that the industry has replaced more oil reserves through field reserve upgrades than from exploration, which has tended to keep production levels steady, Jackson said.

This makes no sense to me.  Call me old fashioned, but I think that actual exploration would keep production levels steady far more than magically ugrading a well’s reserves using a computer model.  Whether peak oil hits in 24 years or was last year, only time will reveal.  The point that hits home for me is the short time frame that most people (Americans?) operate on.



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

%d bloggers like this: