Re: Yet another take on Hubbert's peak

[Doug Henwood <dhenwood@xxxxxxxxx>]

Charles Brown wrote:

> CB: Wouldn't it be moving toward more than half empty , hasn't the
> half used up been in a little over 100 years, and aren't we using it
> up at a much faster rate today than it was being used up 75 to 100
> years ago ?  So, _if_ it is half empty, wouldn't the other half be
> used up in less than 100 years at the current rate ?

Yeah, except that the glass keeps filling - maybe not at the rate
it's being drained, but discoveries happen all the time, and old
fields give up more oil than was thought possible because of
technological trickery. And, there was that story in the WSJ a year
or two ago saying that some geologists think that oil is burbling up
from deep in the earth - that maybe it's not as finite a resource as
was thought.

Doug