Peak What? Is It Safe?

Summary

• Examination of the perception that oil is a fossil fuel of finite supply.
• Examination of increases in oil production, refinery yield, capacity and throughput effecting global gasoline production.
• Examination of the cost efffective alternative of LPG (propane) and the grand misallocation that is corn ethanol.
• Examination of a fear component in oil futures prices and the unnecessary oil futures contango since 1998.
• Examination of the promotion of a perception which to date has yielded a quantifiable societal cost along with a qualifiable social benefit.
• And if you what a really good laugh, click here.

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 remain ever vigilant to the spread of misperception and misinformation.

So we followed up Peak What? Hubbert Was Wrong with an entertaining "contrarian" missive which is sure to "stir the pot" (comments wrought with ad hominem attacks), as Jeffrey Lebowski said...

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