Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
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What Did You Discover in the Creation of This Chart?
In the creation of this chart, what did you discover? Well I discovered a couple of things. What we call oil, only 60% of it is actually what I would call oil. So 40% of what we're counting as oil and saying, okay, no problem, we're already ahead of it in the US are because this large portion that doesn't even come from oil is growing at a faster rate than the oil production is. All of a sudden we're back to peak oil again.
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