tag:blogger.com,1999:blog-6737941.post109580098014642857..comments2024-01-14T17:27:30.511-05:00Comments on Law, Legislation, and Lunacy: Oil Me DownDavidhttp://www.blogger.com/profile/14364155797420903461noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6737941.post-1095828928979968942004-09-22T00:55:00.000-04:002004-09-22T00:55:00.000-04:00To add, it doesn't surprise me at all that this pe...To add, it doesn't surprise me at all that this person has a PhD (to my dismay). Resource economics is really counterintuitive stuff and at a glance, the good arguments don't make sense. When I say that we will never run out of oil and there is a finite amount of oil paired with an increasing consumption of it, I must seem really stupid. It's really easy to forget oil is just a means to an end and that humanity capacity for invention might well be limitless. Only by looking at the past do we get that kind of perspective and truly understand how much potential we have. Sadly, far too few people prefer to look at history as a snapshot (probably because the alternative requires yet more research).Davidhttps://www.blogger.com/profile/14364155797420903461noreply@blogger.comtag:blogger.com,1999:blog-6737941.post-1095828163307533392004-09-22T00:42:00.000-04:002004-09-22T00:42:00.000-04:00Yes, it is shapped off a bell curve, one presented...Yes, it is shapped off a bell curve, one presented by oil geologist M. King Hubbert in 1956. Thus, the halfway point is the peak of the curve. Of course, as a geologist, Hubbert has a tendency to only concern himself with things he can prove, not things he can imagine.Davidhttps://www.blogger.com/profile/14364155797420903461noreply@blogger.com