One thought on “Peak oil theories ‘increasingly groundless’, says BP chief”

  1. Current propaganda around oil and especially US capacity is truly atrocious.

    Behind this there is a myth that is really time to debunk : that the first oil shock was due to the “arab embargo”, when it was a direct consequence of US production peak in 1970.
    The embargo was a quasi non event in terms of barrels taken out of the market.
    And looking at below graph should be sufficient to clear up things :

Leave a Reply

Your email address will not be published.