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Reply #17: He also drinks no-peak-oil koolaid... [View All]

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rman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-17-06 03:32 AM
Response to Reply #10
17. He also drinks no-peak-oil koolaid...
Apparently he thinks that Hubbert and the Peak Oil community claim that the "peak" means that production comes to a complete and abrupt halt once the peak has been reached - which would be just about now, which is the basis for Palast to claim that Hubbert got it all wrong.

No Peaking: The Hubbert Humbug
by Greg Palast
Tue, 23 May 2006 07:23:33 -0700


"In his 1956 paper, Hubbert wrote:

On the basis of the present estimates of the ultimate reserves of world petroleum and natural gas, it appears that the culmination of world production of these products should occur within a half a century (i.e., by 2006).

So get in your Hummer and take your last drive, Clive. Sometime during 2006, we will have used up every last drop of crude oil on the planet. Were not talking decline in oil from a production peak, were talking culmination, completely gone, kaput, dead out of crudeand not enough natural gas left to roast a weenie. In his 1956 treatise, Hubbert wrote that Planet Earth could produce not a drop more than one and a quarter trillion barrels of crude."


Though i generally love his work, the best i can make of this is that it is a very stupid mistake on Palast's part. Palast has quite a reputation as an investigative journalist, but his investigation of Peak Oil is extremely sloppy, which damages that reputation.
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