{"id":14660,"date":"2015-11-22T09:17:53","date_gmt":"2015-11-22T14:17:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14660"},"modified":"2015-11-22T09:21:59","modified_gmt":"2015-11-22T14:21:59","slug":"despite-cheap-gas-coming-back-to-peak-oil-infographic","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14660","title":{"rendered":"Despite Cheap Gas, Coming Back to Peak Oil [Infographic]"},"content":{"rendered":"
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Despite Cheap Gas, Coming Back to Peak Oil [Infographic]<\/a><\/h3>\n
\"cheap<\/div>\n<\/header>\n
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Yesterday, in Virginia, I filled up my gas tank for $2.75 a gallon.<\/p>\n

At that price, even old peak oilers like my wife and I hardly think about poor old King Hubbard\u2019s theory much these days.<\/p>\n

And though gas has been cheap in the U.S. for the last six months or more, I\u00a0still think Hubbard was right that global oil production naturally has a point of peak production.<\/p>\n

I\u00a0used to think that the\u00a0peak of world oil production\u00a0already came\u00a0in 2006<\/a>. But with the rise of fracking and other extreme fossil fuels, now I\u2019m\u00a0not so sure.<\/p>\n

Could the oil peak come a decade or more in the future as the optimists mentioned in the infographic below predict?<\/p>\n

Or could the whole thing be some kind of confusing shell game, with financial markets moving petro dollars around in clever ways to make it look like oil hasn\u2019t peaked yet, when, in fact, it has?<\/p>\n

Frankly, as a lay observer of the energy economy, such questions are above my pay grade. I\u2019ll leave petroleum geologists and economists to argue about the real oil supply and its likely effect on the economy in the next five, ten or twenty years.<\/p>\n

Meanwhile, the infographic below may be good enough for other laypeople to get the basic facts on the peak oil debate.<\/p>\n

The\u00a0image is courtesy<\/a>\u00a0of an energy-services company in the U.K. called Chiltern Thrust Bore. I\u2019m not sure what they think of peak oil, but I\u2019m sure they hope to be able to drill and dig for stuff for a while longer.<\/p>\n

Whatever the case,\u00a0their take on peak oil seems to be a accurate summary of\u00a0Hubbert\u2019s theory and a plausible analysis of\u00a0what it means for today and the future.<\/p>\n

\u2014 Erik Curren, Transition Voice<\/p>\n


\n\"Have<\/a><\/p>\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Despite Cheap Gas, Coming Back to Peak Oil [Infographic] Yesterday, in Virginia, I filled up my gas tank for $2.75 a gallon. At that price, even old peak oilers like my wife and I hardly think about poor old King Hubbard\u2019s theory much these days. And though gas has been cheap in the U.S. for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[9202,10707,1777,4089,595,617,5970,823],"class_list":["post-14660","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-cheap-gas","tag-erik-curren","tag-hubbert-curve","tag-mk-hubbert","tag-oil-production","tag-peak-oil","tag-transition-voice","tag-unconventional-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14660"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14660\/revisions"}],"predecessor-version":[{"id":14662,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14660\/revisions\/14662"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}