Tuesday, June 08, 2004

In this Washington Post column James Jordan and James R. Powell discuss the ideas of geologist M. King Hubbert, who argued that "at a certain point oil production peaks, and thereafter it steadily declines regardless of demand." According to Jordan and Powell, "It now appears that world oil production, about 80 million barrels a day, will soon peak. In fact, conventional oil production has already peaked and is declining."