Peak oil production

10/20/2003
Everyone I talk to agrees with me that your series is the most significant in our memories. Mr. Hubbert described the occurrence of the oil production peak as a deadline for deciding how we will transition from conventional petroleum. It appears that we have not done a very good job preparing for the deadline. Your series may be the catalyst that is needed.The emerging issue is one of rate of production, not necessarily quantity of reserves. I submit to those who argue that peak production is not imminent that they ignore two relevant facts:The sum of oil field decline (say, 2 million b/d/annum) and economic growth (say, 1.5 million b/d/annum) points to a need for 3.5 million new b/d each...
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