Re: [Texascavers] Energy Issues

2007-11-01 Thread Lyndon Tiu
On Wed, 31 Oct 2007 20:24:40 -0700 (PDT) stephen...@yahoo.com wrote: > King Hubbert accurately predicted in > 1956 that US oil production would peak in 1970, which it did. However, > his model is generally considered to have failed since, as his > predicted bell shaped decline has been more of a m

[Texascavers] Energy Issues

2007-10-31 Thread Bill Stephens
Far to much credit has been given to the recent media induced panic over an article suggesting the world was now at �Peak Oil� production. Peak Oil is defined as �that point at which maximum world petroleum production has been reached�. King Hubbert accurately predicted in 1956 that US o