Peak What? Hubbert Was Wrong

Summary

• The industry backed canard of Hubbert's Peak Oil has been proven wrong at every turn.
• Much of the LTO [light tight oil] produced from US shale formations fits the specifications for light sweet and what doesn't is typically even lighter and lower in sulfur.
• Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption.
• And if you what a really good laugh, click here.

We posted Peak What? Drowning In Oil Again the other day, which "stirred the pot" (fulminations and ad hominem attacks from frustrated theorists). 

Although our many Nattering's on the subject of Hubbert's Peak Oil theory in Another Peak Oil Cufuffle and Peak Oil Redux have held up through the test of time (unlike the ever changing "peak predictions of the theorists), we thought it prudent to revisit with an entertaining "contrarian" missive and up to date empirical data. 

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