Society’s short 100-year love affair with oil has been replete with regional supply concerns, heated contests over access to the globe’s more substantial pools, price roller coasters, and nasty environmental disasters. Today, however, the political discourse on oil has ever so hesitantly ventured into entirely new terrain – the End of Oil. As with the close of all intimate marriages, this discourse has been replete with denial, anger, conflict, and diversion. Once handily disregarded as reactionaries, luddites, or worse, those among us who have been warning of peaks in discovery rates, production rates, and inevitably consumption rates have been heard. This is in part due to the irrefutable supportive evidence that has mounted over the 50 years that have passed since M. King Hubbert, among the most respectable of geologists of his time, first introduced the prospect among his colleagues.
KeywordsClay Petroleum Sludge Steam Hydrocarbon
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