The beginning of this debate can be attributed to Mr. Hubbert and his peak oil curve. Before or after you read my article please check out this article: http://www.hubbertpeak.com/_archive/ScientificAmer ican199803/EndOfCheapOil.htm , which was published in Scientific American in 1998 titled "The End of Cheap Oil". There are so many factors and errors in calculations, that it makes impossible to determine when it will be the real peak of production. Among these factors are: controversial reserve appraisals made by major Oil companies, the increased control by governments over oil fields to ...
More..Javier Luque
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