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If This Is Peak Oil, Then I'm Not Sure What the Problem Is

Author: Michael A. Levi, David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Maurice R. Greenberg Center for Geoeconomic Studies
June 11, 2010
Energy Bulletin


Steven Kopits claims [in the Econobrowser version] that the new EIA oil supply projections are a “Hard Core Peak Oil Forecast”. His argument is that the EIA has been steadily reducing its oil supply projections for 2020 over its last four annual projections, and that this is a sign that EIA has “placed its fortunes firmly with the peak oil crowd”. I think he's wrong. In any case, if this is what counts as peak oil, then I'm not sure why anyone is so excited about it.

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