Saturday, February 18, 2006

Hubbert's Peak

December 16, 2005 was a watershed for mankind, although we didn't know it at the time. At least, that's the case according to this article:
The world peak would then happen when 1.0065 trillion barrels have been produced (half of 2.013). Following Hubbert, I used the Oil & Gas Journal end-of-year production numbers. It isn't that the Oil & Gas Journal reports are divinely inspired; their methodology is well explained and their reports constitute a relatively consistent data set. The cumulative world production at the end of 2004 was 0.9812 trillion barrels and at the end of 2005 it was 1.00748 trillion. During the year, we passed the halfway point. The graph shows the date of the crossover: December 16, 2005.
Time to do some research on the 100 mile diet. Whoever it was that dumped those carp into Lake Ontario were visionaries I tell you.