Five Misconceptions About Peak Oil

Here. Original version here. (Robert Rapier is based in Hawaii, which gives a distinct perspective--since the islands have no fossil fuels--on the problem of peak oil and the challenge of developing our own supplies of energy.)


Misconception 1: Peak Oil = Running Out of Oil

This one is surely the most common. Many articles that seek to debunk the notion of peak oil start with that premise, and then respond by highlighting historical instances where someone influential suggested that we could be running out of oil. In fact, anyone concerned about peak oil will readily acknowledge that we are going to be producing oil for a very long time, and when we stop there is still going to be a lot of oil left in the ground.

So what then is the definition of peak oil? In its simplest form, peak oil means that just as oil production in the United States peaked in 1970 and began to decline, so shall global production do the same. Once you get past that basic premise – one in which there is near-universal agreement once people understand that is what you mean when you say “peak oil” – there are many different opinions of exactly how events will unfold. The would-be peak oil debunkers are only addressing their arguments at one of the ways some people think this will play out, and then declaring that they have debunked peak oil.

(More at the above links.)