Peak Oil News: Does the Peak Oil 'Myth' Just Fall Down? -- Our Response to CERA

Saturday, November 18, 2006

Does the Peak Oil 'Myth' Just Fall Down? -- Our Response to CERA

The Oil Drum

By Dave Cohen

With the release of Why the "Peak Oil" Theory Falls Down — Myths, Legends and the Future of Oil Resources by Peter M. Jackson, Cambridge Energy Research Associates (CERA) attempts to cast doubt on the credibility of those with imminent, empirically-based concerns about our future oil supply.

CERA's "Decision Brief" requires a response because since 1870, the health of the world's economies have hinged on a secure, dependable and growing flow of "conventional" oil. Their forecast, shown in Figure 1, predicts that the oil supply will continue to grow and sustain economic growth.

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At 12:45 PM, November 19, 2006, Anonymous Anonymous said...

These organizations don't know anything. They say what others want to hear

I better trust Matthew Simons, who predicts peak oil in 2010 and who is investing real money in oil business and whose mistakes can cost him some billions of real $$, not these "experts" who risk just loosing their reputation (which in my eyes is already equal to zero or lower)


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