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Has World Oil Production Passed Its Peak?
dido writes "Princeton University geology Professor Kenneth Deffeyes has been studying world petroleum production data and has come to the conclusion that the world hit peak oil last December 16, 2005. If he is correct, total world oil production will never surpass what was produced last December. From the article: 'Compared to 2004, world oil production was up 0.8 percent in 2005, nowhere near enough to compensate for a demand rise of roughly 3 percent. The high prices did not bring much additional oil out of the ground. Most oil-producing countries are in decline."
Funny, Dick Cheney was saying the same thing just the other day. :-)
I see even classic Slashdot is now pretty much unusable on dial up anymore.
The faster we use up all of the economically obtainable oil, the sooner people can stop whining about using it all up and the sooner we can get on with whatever is next.
This issue is a bit more complicated than you think.
Since Hummer owners want to drive a military-style vehicle, I think we should give them the full experience: every hummer should come with an all-expenses paid 6-month stint as a chauffeur in Baghdad. Nothing shows one's masculinity and patriotism more than Supporting the Troops, right?
I don't care if it's 90,000 hectares. That lake was not my doing.
Really? I spend all my disposable income on buying tanks of CO2 and venting it into the air...