/lit/ - Literature

>>23405377
I'm talking about oil discoveries going back to the 50s, not short term trends. The data are clear on this, stop acting retarded.

>people have been scaremongering "peak oil" for a hundred years
this is the problem with discussing topics with unstudied morons. it's like talking to a wall, very unproductive like what the permian basin is becoming. peak oil is fully accepted in the industry and by scholars. In the 50s, Hubbert made his prediction of lower 48 production declines by the 70s. People thought he was crazy, but he was proven right in the end with the oil crisis of the 70s. his prediction was right on the money. production rates followed the curve until the late 2000s when shale plays became economical due to the price of oil. the problem now is that it's finally over for shale. pic related. the good stuff has been exploited, and the remainder is shit with terrible EROI. all the biggest wells are in decline and we will enter a post-fossil fuel world in the 2050s-2060s. it's over, kid. start saving seeds.