Jake Gordon

More on Peak Oil

24 February 2004

Its happening. Now. Bloomberg is reporting that oil supplies are “down 2.9% from a year ago”, suggesting oil production has already peaked. “‘If we don’t see a few big builds in gasoline inventories in the coming weeks, there’s talk we’ll see huge price spikes this summer because at the moment supplies are worryingly low,’ said Evers.” Expect oil prices to rise, and never fall again. We’ve reached the peak of the bell shaped curve of supply, and demand isn’t decreasing.

As I plan now to integrate peak oil into my dissertation, I have started a blog on the subject. For more on peak oil from me, check out that blog.

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by Jake Gordon, some rights reserved