Quote:
Originally Posted by aussie muscle
That's not what 'Peak Oil' means. Peak oil means maximum possible production has been reached. It doesn't mean end of production.
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Actually, you are both right.
Here is Hubbert with his diagrams.
https://www.youtube.com/watch?v=ImV1voi41YY
His theory clearly show once "peak" has hit oil runs out quick.
"Peak (Hubbert) oil theory" saw Hubbert extrapolated the theory globally, arguing that worldwide peak oil production would occur in the 1990s. With help from doomsday futurists such as Paul Ehrlich, citing additional work by Hubbert, “peak oil” entered the non-energy sector lexicon as a shorthand for the inevitable exhaustion of the world’s natural resources, most especially fossil fuels.
Essentially Ehrlich believes we will run out of everything
https://en.wikipedia.org/wiki/Simon%...3Ehrlich_wager