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In 2001, Kenneth Deffeyes made a grim prediction: world oil production would reach a peak within the next decade--and there was nothing anyone could do to stop it. Deffeyes's claim echoed the work of geophysicist M. King Hubbert, who in 1956 predicted that U.S. oil production would reach its highest level in the early 1970s. Though roundly criticized by oil experts and economists, Hubbert's prediction came true in 1970.
In this updated edition of Hubbert's Peak, Deffeyes explains the crisis that few now deny we are headed toward. Using geology and economics, he shows how everything from the rising price of groceries to the subprime mortgage crisis has been exacerbated by the shrinking supply--and growing price--of oil. Although there is no easy solution to these problems, Deffeyes argues that the first step is understanding the trouble that we are in.
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About the Author:
"This book is important in that it is addressed to the general public, which is overwhelmingly ignorant of the fundamentals of earth's resources and basic economics. It will be very useful to teachers, news media personnel, and public policy makers."--Craig W. Van Kirk, Colorado School of Mines
"The timing of this book is excellent. Energy issues will be heard with increasing frequency during the next five years, and the general public will be looking for information with which they can make sense of changes in energy supply and prices."--Robert K. Kaufmann, Boston University
"I read this book with pleasure and profit, learning a great deal painlessly."--Robert M. Solow, Massachusetts Institute of Technology
Kenneth S. Deffeyes is professor emeritus at Princeton University. Prior to teaching, he worked alongside M. King Hubbert at the Shell Oil research laboratory in Houston.
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- PublisherPrinceton University Press
- Publication date2008
- ISBN 10 0691141193
- ISBN 13 9780691141190
- BindingPaperback
- Number of pages232
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