“Production in a region rarely follows a bell curve nor do regions necessarily experience a single peak. As a result, this method repeatedly predicted premature peaks for many countries and for the world itself.”
“Production patterns are determined by the geology and chemistry of the deposit, plus the engineering decisions on how to produce it, plus the fiscal regime in place.”
Although the insistence that “peak oil” was imminent has largely faded from public view, it remains a valuable illustration of how poorly developed theories can nonetheless catch the public’s imagination, including those who should know better. So what were the theories and methods that were employed to support peak oil, arguments that a library of articles and books repeated to create a false narrative (and, undoubtedly, a ‘97% consensus’).
The original claim underlying peak oil was that resource scarcity would cause oil production to decline in the near future and that nothing could be done to alter that trajectory. …
Continue Reading“I switched from defense policy to petroleum economics and forecasting because the latter produced a track record that could be judged. And my track record is quite good over the four decades, especially where I have done intensive, data-driven research (as opposed to short-term oil price forecasts, where my record is more mixed).”
“Trying to convince governments, especially oil producing governments, not to expect ever-higher revenues from rising prices has been somewhere close to impossible. Although some officials might want to restrain their fellows, the politicians usually convinced themselves that the goose would never stop laying golden eggs in ever-increasing numbers.”
Q. First, congratulations on the publication of your new book, The “Peak Oil” Scare and the Coming Oil Flood (Praeger). It is a tome, a real takedown, of the fixity-depletion view of petroleum and the activist movement behind it.…
Continue Reading“[T]here is growing evidence of much smaller climate sensitivity to CO2; and even if these drastic emissions reductions occurred, we see little impact on the climate in the 21st century (even if you believe the climate models).”
“It seems rather futile to make token emissions reductions at substantial cost. Deciding that all this is impractical or infeasible seems like a rational response to me.”
– Judith Curry, “A Roadmap for Meeting Paris Emissions Reduction Goals.” Climate Etc., March 25, 2017.
Numerous posts at MasterResource have summarized the thinking of climate scientist and straight shooter Judith Curry. Bravely, and with intellectual vigor, she has personified the adage: “One plus the truth equals a majority.”
Curry has not only documented the fact that estimations of climate sensitivity to the enhanced greenhouse effect have been coming down, and tie-in’s of climate forcing and extreme weather events remain unproven.…
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