Time Is Running Out
Article from: OGEL 3 (2004), in Economic and Commercial Context for Oil, Gas and Energy Law
Introduction
The moment in time of a global peak in oil production is upon us, and we must prepare for it. Yet several analysts, including Dr Leonardo Maugeri and Dr Mark Brandly among other anti-Hubbertarians, are still arguing publicly that we are nowhere near a peak in world-wide oil production. They are wrong. They are criticising Mr King Hubbert's oil production logistics curve, called the Hubbert curve, and are ignoring the academic literature that not only supports Hubbert's thesis but actually expands on it and gives robust empirical evidence of its veracity. What the ...