4/30/2023 0 Comments Pro to con ad infinitumAccordingly, geologists know that at some future date, conventional oil supply will no longer be capable of satisfying world demand. The earth’s endowment of oil is finite and demand for oil continues to increase with time. Oil is also the primary feedstock for many of the chemicals that are essential to modern life… It fuels the vast majority of the world’s mechanized transportation equipment – Automobiles, trucks, airplanes, trains, ships, farm equipment, the military, etc. “Oil is the lifeblood of modern civilization. 2005 report for the US Department of Energy titled “Peaking of World Oil Production: Impacts, Mitigation, & Risk Management,” published on the National Energy Technology Laboratory website: Hirsch, PhD, Senior Energy Program Advisor for Science Applications International Corporation (SAIC), wrote in his Feb. Rather the way your local news station constantly reports on some new threat to the public (germs in airplane bathroom sink water, dangers from household cleaning products, etc. The general view of the issue is that shale oil saved us from peak oil, and the issue has largely disappeared from the media, to be replaced by warnings of peak oil demand, but there are still articles about peak cobalt, peak cocoa and similar scares. Anyone concerned about the quality of research that works its way into the public debate should be curious about how so many were so wrong for so long… Now, the topic is largely forgotten and the flavor of the month is peak oil demand. “A decade ago, the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even the Simpsons mentioned it in an episode about doomsday preppers. Michael Lynch, SM, Distinguished Fellow at the Energy Policy Research Foundation and President of Strategic Energy and Economic Research, in the Jarticle, “Whatever Happened to Peak Oil?,” available on, stated”
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