Tuesday, April 20, 2010

Beyond Earth Day: Sustainability groups begin transition to life after oil dependency

The idea of peak oil was first conceived in 1956 by U.S. geologist M. King Hubbert, who predicted that domestic oil production in the lower 48 states would peak between 1965 and 1970. Sure enough, oil production did reach an all-time high in 1970 and has declined since, said David Fridley, an oil industry veteran who now works with the Environmental Energy Technology Division at Lawrence Berkeley National Laboratory. "We've been consuming three barrels for every barrel we've discovered for the past 30 years," Fridley said. More>