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."

Comments

My sig is pretty relevant to this story...

[Lank]

And in case anyone has sigs turned off, go to this URL: http://www.lifeaftertheoilcrash.net/ Numbers might be slightly off, but the general idea is the same...

Prius owners are as selfish as Hummer drivers

[ccmay]

A big STFU to all the Hummer owners out there.

Pooh! As if that made a meaningful difference. . .

Here's the deal with the SUV bashing: It's nothing more than guilt-ridden scapegoating.

Even the most ecologically correct American liberal lives a life of unparalleled luxury and ease, fueled by cheap energy, and uses up the Earth's resources by orders of magnitude more than an African villager.

Can you imagine how comical it would seem to a man who has never ridden in a motor vehicle, to see Volvo and Prius owners looking down their noses at Hummer owners? The guy in Birkenstocks, whose footprint on nature is fifty times bigger than the villager's, sneers at the guy in cowboy boots whose footprint is sixty times greater.

Same goes for Europe vs. America. If the American way of life is unsustainable, so is the European, differing only by a relatively minor degree. It may help the bien-pensant European Left feel better about its own hypocrisy by saying "Look! The Amis are worse!" But it hardly solves the problem.

Unless you are already living off the grid, growing all your own food, and never traveling farther from your home than you can walk, you have no moral standing to criticize my choice of vehicles.

--ccm