Two Letters Re: Bakken Oil Development has Ended the Peak Oil Debate
Dear Mr. Rawles: Like the author of the letter concerning peak oil and domestic fracking, I too regularly follow your blog but have not felt the need to add comment. However, the author makes several assertions about both the theory of peak oil and the state of oil production that require clarification. The primary hypothesis behind peak oil, the Hubbert peak theory, does not state that after a certain point a nation, or mankind in general, will “never discover any more oil”. Rather, it simply says that oil production at some point reaches a maximum rate, after which it enters …