Tuesday, June 19, 2012

Shortages: Is 'peak oil' idea dead?

BBC: Since humans found that oil was better than coal for shifting vehicles, people have fretted over oil wells running dry. Bouts of anxiety are periodic. In the seventies a Shell geoscientist, M King Hubbert, sounded an alarm that supplies would peak by 1995 "if current trends continue." They didn't peak. Fear is a powerful motivator and forecasting a shortage can be a good way of avoiding one. Instead of seeing the 1970s oil crisis end in a long-term shortage, we responded by developing more...

URL: http://www.bbc.co.uk/news/science-environment-18353962#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
Enclosure: http://news.bbcimg.co.uk/media/images/61015000/jpg/_61015587_61015514.jpg

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