Tuesday, January 11, 2005

Sample Chapter for Deffeyes, K.S.: Hubbert's Peak: The Impending World Oil Shortage.

Sample Chapter for Deffeyes, K.S.: Hubbert's Peak: The Impending World Oil Shortage.: "Chapter 1

OVERVIEW

Global oil production will probably reach a peak sometime during this decade. After the peak, the world's production of crude oil will fall, never to rise again. The world will not run out of energy, but developing alternative energy sources on a large scale will take at least 10 years. The slowdown in oil production may already be beginning; the current price fluctuations for crude oil and natural gas may be the preamble to a major crisis.

In 1956, the geologist M. King Hubbert predicted that U.S. oil production would peak in the early 1970s.1 Almost everyone, inside and outside the oil industry, rejected Hubbert's analysis. The controversy raged until 1970, when the U.S. production of crude oil started to fall. Hubbert was right."

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