Debunking peak oil

After slating the New York Times on Sunday it is only fair to point to an exceptionally good article debunking the idea of peak oil in today’s issue. Michael Lynch, an energy consultant and the former director for Asian energy and security at the Center for International Studies at the Massachusetts Institute of Technology, systematically examines three claims and shows they are false:

“that the world is discovering only one barrel for every three or four produced; that political instability in oil-producing countries puts us at an unprecedented risk of having the spigots turned off; and that we have already used half of the two trillion barrels of oil that the earth contained.”

His rebuttal is well worth reading.