Whatever happened to fears over “peak oil”?

[rangerrebew]

Whatever happened to fears over “peak oil”?
Anthony Watts / 5 days ago June 30, 2018   

By Michael Lynch, Forbes

Very few people realize that the entire concerns about peak oil were based on misinformation or junk science.

A decade ago, the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even the Simpsons mentioned it in an episode about doomsday preppers.  Now, the topic is largely forgotten and the flavor of the month is peak oil demand.  Anyone concerned about the quality of research that works its way into the public debate should be curious about how so many were so wrong for so long.  (Buy my book for the full story.)

https://wattsupwiththat.com/2018/06/30/whatever-happened-to-fears-over-peak-oil/

[thackney]

A decade ago, the media was filled with stories about peak oil...

https://www.ge.com/reports/post/110279383303/a-brief-history-of-peak-oil/
Feb 9, 2015

...1885 — “The amazing exhibition of oil is a temporary and vanishing phenomenon.” — State Geologist of Pennsylvania

1919 — “Within the next two or five years, the oil fields of this country will reach their maximum production.” — Van H. Manning, U.S. Bureau of Mines

1956 — “U.S. oil production will likely peak between 1965 and 1970 and decline steadily thereafter.”  — M. King Hubbert, Shell Oil

1978 — “We are living in the twilight of the petroleum age.”  — Glenn Seaborg, Atomic Energy Commission

2005 — “I don’t believe you can it get more than 84 million barrels (per day). I don’t care what…anybody else says.” — T. Boone Pickens, energy investor

2014 — “Beats me.” — James R. Maughan, Technology Director, GE Global Research

The truth is, world oil production has now reached 90 million barrels per day, 10 times what it was in the 1950s, and doesn’t appear to be slowing down anytime soon. Amazingly, the U.S. now produces more oil than Saudi Arabia. What the observers above (except the last, of course) failed to recognize is that technology for exploration and production would somehow outpace the world’s enormous appetite for oil....

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U.S. oil production hits another record high
https://www.tulsaworld.com/business/energy/u-s-oil-production-hits-another-record-high/article_c1336e5c-e27d-5f69-9aa0-25edf4f50e79.html
Fueled by shale oil boom, production nearing 11 million barrels a day
Jun 16, 2018

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The Numbers: World Sets New Records In Use Of Solar, Wind -- And Oil
https://www.forbes.com/sites/rrapier/2018/06/14/world-sets-new-oil-production-record/#45b9b21d752d
Jun 14, 2018

...First, the report shows that the world achieved a new oil production record of 92.6 million barrels per day (BPD), which is the 8th straight year global oil production has increased....

[IsailedawayfromFR]

Into the dustbin of history, like the population bomb and more recently, global warming.
There are always hustlers out there which wish to make a buck by claiming the sky is falling.