05-15-2009, 04:28 AM
Interesting article. These paragraphs caught my eye:
When world oil peaking will occur is not known with certainty. A fundamental
problem in predicting oil peaking is the poor quality of and possible political
biases in world oil reserves data. Some experts believe peaking may occur soon.
This study indicates that “soon” is within 20 years.
Past predictions typically fixed peaking in the succeeding 10-20 year period.
Most such predictions were wrong, which does not negate that peaking will
someday occur. Obviously, we cannot know if recent forecasts are wrong until
predicted dates of peaking pass without incident.
When world oil peaking will occur is not known with certainty. A fundamental
problem in predicting oil peaking is the poor quality of and possible political
biases in world oil reserves data. Some experts believe peaking may occur soon.
This study indicates that “soon” is within 20 years.
Past predictions typically fixed peaking in the succeeding 10-20 year period.
Most such predictions were wrong, which does not negate that peaking will
someday occur. Obviously, we cannot know if recent forecasts are wrong until
predicted dates of peaking pass without incident.