Posts Tagged ‘peak oil’

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    Oil Worries?

    Sep 19, 11 • 162 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Economic Debates, International Trade and Finance, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Have you ever heard of Hubbert’s Peak?  No, it is not a mountain. Hubbert’s Peak refers to our oil supply. In 1956, Marion King Hubbert warned us that U.S. oil production would peak within 15 years. And, the only direction after the peak is