iBankCoin
Joined Nov 11, 2007
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Oil Forecasts

“Recently when I was reading some of the papers M. King Hubbert wrote, one thing struck me was the context in which he made his forecast regarding how world oil supply would peak and decline. He made this forecast in the context of having plenty of other fuel supply from other sourcesalready developed, to offset this decline.

Fossil Fuels and Nuclear Energy

The three graphs shown in this paper are from Hubbert’s 1956 paper, Nuclear Energy and the Fossil Fuels. Based on Figure 30, it is clear that he expected nuclear energy to raise total energy production to a very high level, even before fossil fuels began to decline.”

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