Thursday, June 14, 2007

More Peak Oil

Econopundit has a chart from a study by the "scientist" that was quoted in the Peak Oil story I highlighted yesterday. Apparently, Dr. Campbell has been predicting peak oil for some time:

The following graphic, from a study by one Colin Campbell, shows world oil production will peak in 1996 (also shown are actual data demonstrating what we all know -- world oil production did not peak in 1996):

The chart is small but obviously, oil production did not peak in 1996. Furthermore, Campbell published either a book or an article predicting near term peak oil production in 1986,1989,1991,1997,1998 and of course now 2007. I suppose he could be right this time, but I wouldn't want to bet on it.

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