The Ghost in the Machine and Peak Oil

Like may of you, I have regular automated Google searches for certain topics.  One of them has to do with clean energy.  I have had this search active for a while, so I only expect new stuff.  On Sunday, though, it turned up an interesting blog post by Brad Bradshaw on the subject of predicting peak oil from 2008.  Why would a 2008 post come up now? 

As if that was not enough, Monday's WSJ had an article on a subject near to my thesis that I have posted on from time to time that global oil reserves are systematically overstated.  The WSJ headline is "Natural-Gas Data Overstated."

I continue to report from time to time on what I read out there on the subject of peak oil.  It is not entirely clear to me how peak oil affects the tech world.  But I continue to believe that the methodologies used for calculating oil reserves systematically overestimate the size of reserves.  Another seemingly undeniable force is the growing appetite for oil in India and China (soon to be followed by other developing countries, I imagine).  One conclusion that I draw from this is that we, as a society, are grossly underinvesting in alternative energy and renewable energy technologies.  See my post on investment in New England versus California.  BTW, I think that taken together (meaning California, Mass, Texas and anything else you want to add to it) investment levels are still way too low. 

Comments (1)

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Rich T - April 8, 2010 9:55 AM

Dave

You've touched on only some of the many key variables at play around the world that are going to adversely affect all of us in the not-too-distant future. There's a wealth of info' on the internet on peak oil, (under)estimated reserves, and all the related facts that strongly suggest we're woefully ill-prepared for the energy challenges ahead. Thanks for adding your voice to the debate

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