Peter Cox’s Blog

I mentioned the concept of “Peak Oil” – which is getting more mainstream media coverage now – in a earlier post.  Here, not for the statistically faint-hearted, is an interesting debate on exactly where we are now (no-one can be certain) and where we might be in a few short years.  This latest statistical work by Dallas geologist Jeffrey Brown suggests that an oil export crisis may be imminent, and that export rates will drop by a far greater percentage than net production decline rates in any given exporting country.