R.I.P. The Oil Drum 2005-2013 {Peak Oil proclaimers giving up}

Red State ^ | July 3rd, 2013 | Steve Maley

[St_Thomas_Aquinas]

-— We are running out of energy”. -—

Being on the right side of the consensus, means never having to say you’re sorry.

I remember National Geographic, back in the late 70s, solemnly stating that the world would run out of oil by 2000.

[Fzob]

Peak Oil Theory has become, for lack of a better word, unsustainable.

Funny.

[ralfy]

Peak oil is not a theory as oil production for the U.S. peaked back in 1970 and oil production per capita worldwide peaked back in 1979.

[ralfy]

Unfortunately, the “boom” is affected by low energy returns and steep decline curves:

http://aleklett.wordpress.com/2013/02/08/the-myth-of-saudi-america-straight-talk-from-geologists-about-our-new-era-of-oil-abundance/

Meanwhile, demand is rising worldwide.