According to conclusive predictions over the last 100 years, the oil coming out of those wells can’t exist, because we have already used up all the oil on the planet. Perhaps the wells are just a figment of my imagination that is as fertile as the plains of North Dakota. Photo and sarcasm by James Ulvog.
It is so entertaining to read about all the failed predictions of when we will run out of oil or some other critical resource. I keep coming across more and more absolute guarantees of when we already ran out of oil.
At its core, Peak Oil is merely another variation of the long discredited Malthusian arguments that we will run out of stuff. Such thinking is foolishly and fatally flawed.
Remember that until just a few years ago it was universally agreed by eeeeeevery scientist and researcher on the planet that we would absolutely run out of oil. It was settled science. No debate or argument necessary. No disagreement allowed.
For this particular journey down the trail of failed predictions, I thank Rob Port, writing at Say Anything Blog, for pointing me to the trail head for this expedition. In his article Settled Science: America Will Be Out Of Oil By 2015, he wrote
Because, you see, peak oil was settled science. Except, it also turned out to be wrong science, as most malthusian projections do, because it failed to take into account humanity’s infinite capacity to invent and innovate. In 2015 the big problem for the oil industry isn’t that they can’t find more oil, but rather that the market is being flooded with oil and that’s driving down prices.
The article points to a discussion at PaleoFuture on 9/18/15 which points us to an Article from 1975: The World Will Be Out of Oil by 2015. It quotes a 1975 article from Brownsville Herald which was syndicated by UPI and printed in many newspapers: Read more…