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Thursday, November 19, 2009

Peak Oil - Now, Soon, or Decades from Now

There are conflicting views on this topic. Cambridge Energy Research Associates (CERA) recently published a study claiming that peak oil is decades away. According to the International Energy Agency (IEA), we will reach peak oil in 2020. Some believe we have already passed the peak, and lest you think such people are merely cranks, remember that M. King Hubbert, originator of the peak oil hypothesis, was regarded that way in 1956, before events proved him right.

In reality, we will only know in retrospect when peak oil has occurred, because there are too many variables to account for. Variables include demand, and lowering the demand for oil through renewable energy technologies could very possibly move the moment of peak oil further out.

But if you are a worrier by nature, there are other peaks you can focus on.

3 comments:

  1. I like your post on peaks and hope you keep up the blogging.
    Thank you!
    Jennifer Delony

    ReplyDelete
  2. Hi, nice post. Well what can I say is that these is an interesting and very informative topic. Thanks for sharing your ideas, its not just entertaining but also gives your reader knowledge. Good blogs style too, Cheers!

    - The renewable energy massachusetts

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