What oil production curve should have been for last couple of decades according to Peak Oil doctrine. Image courtesy of DollarPhotoClub.com
Ridicule is the appropriate way to address the false idea that oil production follows a bell curve and at any moment production will drop off and head to zero. Gonna’ happen any hour now. It is an undisputed scientific certainty…
Only problem is the inconvenient truth that production has consistently blown out every prediction from the peak oilists. It’s almost like the entire concept is bogus.
8/11 – Ronald Bailey, author of The End of Doom, at Reason – Peak Oilers Shut Up Forever Please – One of the main apostles of Peak Oil precisely calculated the peak of oil production would be Thanksgiving Day in 2005 with an inevitable, unavoidable decline thereafter.
The absolute peak production, never to be seen again?
Please remember Peak Oil doctrine clearly states that production will drop the day after the peak and enter a bell shape curve decline, quickly heading to zero. Production graphs are supposed to have already resembled the image at the top of this post.
Petroleum liquids in July 2015?