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Don’t Just Say Goodbye To Cheap Oil — Say Goodbye To The Need For Oil

Don’t Just Say Goodbye To Cheap Oil — Say Goodbye To The Need For Oil

A Green Look At The Global Energy Crisis by Scott Derby, Green Party of New York State In a paper presented to the American Petroleum Institute in 1956, Dr. M. King Hubbert outlined what would be called the “peak oil” theory. His research showed that, based on past and current oil production and field discoveries, oil production in the United States would peak in the 1970’s. He was right. Hubbert later predicted that global peak oil would be reached between…

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