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Re: Ecological Economics and Entropy



On Fri, 22 Nov 1996 06:45:33 -1000, Jay Hanson <jhanson@ilhawaii.net>
wrote:


>   40 years ago, geologist M. King Hubbert developed a method
>for projecting future oil production and predicted that oil
>production in the lower-48 states would peak about 1970. These
>predictions have proved to be remarkably accurate. Both total and
>peak yields have risen slightly compared to Hubbert's original
>estimate, but the timing of the peak and the general downward
>trend of production were correct.[3]

Of course they did, but because there are so many sources outside the
lower-48 that can produce oil so much more cheaply. Talk about a weak
argument.

-----------------------------------------------------------------
Brian Carnell                   http://www.carnell.com/
brian@carnell.com   


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