I’ve never read such a crock of shite in my entire life.
Peak oil isn’t so much a theory as a simple observation, oil recovery is tracked along a production curve, until it reaches a certain point after which it declines until the oil feild is no longer able to viably produce.
This has occurred in (oil following some kind of production curve) in ALL oil feilds in decline, from the US to the North Sea...
If you want to believe the hydrocarbons, for which the chemical structure is well known and agreed upon by geophysists, chemists and oil industry scientists the world over is somehow magically recreated filling empty oil fields then you are simply willing to believe something that is patently not borne out in the empirical data. No resource magically appears, no matter how much we’d like it to. Oil is a natural resource which can be pumped from the ground at some rate of production. Currently that production is unable to keep up with soaring demand. Hence th high prices.
If demand continues to outpace supply we will see high prices - maybe much higher, and possibly shortages.
The maximum amount of production will be reached when oil feilds in decline outweigh those that are still increasing production. This is simple maths, not some obscure flawed theory.
This writer hasn’t unveiled anything other than the fact that he ought to be studying voodoo and witch doctory - since this is his only hope of making oil magically appear in dead wells.
I’ve never read such a crock of shite in my entire life.
Peak oil isn’t so much a theory as a simple observation, oil recovery is tracked along a production curve, until it reaches a certain point after which it declines until the oil feild is no longer able to viably produce.
This has occurred in (oil following some kind of production curve) in ALL oil feilds in decline, from the US to the North Sea...
If you want to believe the hydrocarbons, for which the chemical structure is well known and agreed upon by geophysists, chemists and oil industry scientists the world over is somehow magically recreated filling empty oil fields then you are simply willing to believe something that is patently not borne out in the empirical data. No resource magically appears, no matter how much we’d like it to. Oil is a natural resource which can be pumped from the ground at some rate of production. Currently that production is unable to keep up with soaring demand. Hence th high prices.
If demand continues to outpace supply we will see high prices - maybe much higher, and possibly shortages.
The maximum amount of production will be reached when oil feilds in decline outweigh those that are still increasing production. This is simple maths, not some obscure flawed theory.
This writer hasn’t unveiled anything other than the fact that he ought to be studying voodoo and witch doctory - since this is his only hope of making oil magically appear in dead wells.