02 Jul '12, 11am

Peak Denial

In the course of our debate, Lynas more than once cited a litany of failed forecasts from pessimists, starting of course with Malthus; similarly, Daniel Yergin has scored points by claiming that prophecies of a peak in world oil production have proven wrong again and again for a century or more. It’s strange that the failed forecasts of optimists get comparatively little public attention, given that they are at least as numerous. The most relevant example: around 1998, when the modern Peak Oil discussion was just hatching, the International Energy Agency, the US Department of Energy, and the US Geological Survey all issued forecasts that world oil production would grow steadily to achieve 120 million barrels per day by 2020, while prices would remain at the level of $20 per barrel (in 1998 dollars) even beyond that date. In 2004, when it was already clear that those foreca...

Full article: http://www.postcarbon.org/blog-post/985668-peak-denial

Tweets

#peakoil Heinberg: Peak Denial: There is nothin...

peakoil.com 02 Jul '12, 12pm

In the course of our debate, Lynas more than once cited a litany of failed forecasts from pessimists, starting of course w...

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green.autoblog.com 04 Jul '12, 9pm

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postcarbon.org 05 Jul '12, 9am

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