Tag Archives: Hubbert

Energy certificates as currency when oil shocks strike?

Since world oil probably peaked in 2018 (EIA 2021), clearly there will be a time when there are oil shortages. The price may be high at first, but that often brings on a financial crash (Hamilton 2013), unemployment rises as … Continue reading

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Net Energy Cliff Will Lead to Collapse of Civilization

The remaining oil is poor quality, and the energy to get this often remote oil so great that more and more energy (blue) goes into oil production itself, leaving far less — the grey area — available to fuel the … Continue reading

Posted in 2) Collapse, 3) Fast Crash, An Overview, Energy, EROEI Energy Returned on Energy Invested, Net Energy Cliff, Stages of | Tagged , , , , , , | 11 Comments

M. King Hubbert and the future of peak oil by Kurt Cobb

Preface. M. King Hubbert predicted that if we were unable to replace fossil energy with water, nuclear and solar power, that we would go back to an agrarian existence (Hubbert MK (1949) Energy from Fossil Fuels. Science). That is how … Continue reading

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