Despite the attention-grabbing economic volatility that is grabbing
headlines, it's important to keep our eye on the energy story firmly in
focus. This is especially true as the headlines we regularly read about
Peak Oil being dead " are "manifestly false" according to this week's
podcast guest, petroleum geologist Jeffrey Brown.
As concerning
as the fact that global oil production has plateaued over the past
decade, despite trillions invested in trying to goose it higher, are
Brown's forecasting model for oil exports. His Export Land Model shows
how rising internal consumption can swing (and has swung) countries from
major exporters to permanent importers within a dizzyingly short period
of time.
No comments:
Post a Comment