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Peak Oil Postponed

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By Thomas A. Petrie, special to Hart Energy
January 1, 2014

The run-up in oil prices from 2005 to 2008 set the stage for today's good news: a vast unconventional resource base now being produced in the US In an excerpt from his new book, Following Oil, Thomas A. Petrie gives his perspective on peak oil theory: To his way of thinking, we're not running out of oil anytime soon.

M. King Hubbert died in 1989, but his pioneering analyses of peak oil events [when oil production in a given area peaks] have continued to be pursued. Given the public attention ...

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