Oil

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“The world’s present industrial civilization is handicapped by the coexistence of two universal, overlapping, and incompatible intellectual systems: the accumulated knowledge of the last four centuries of the properties and interrelationships of matter and energy; and the associated monetary culture which has evolved from folkways of prehistoric origin.”

M. King Hubbert

Contents

Growth

“The greatest shortcoming of the human race is our inability to understand the exponential function”

Albert Bartlett

Albert Bartlett links the growth of population growth as the fundamental factor influencing energy consumption. The video Arithmetic, Population, and Energy covers exponential increases with examples in population growth, energy growth and peak oil theory.

Production Sharing Agreements

Oil output

News items relating to oil price

April 2010 Deepwater Horizon oil spill

See also