More on Peak Oil and Hubbert's Curve See Peak Oil for Yourself The Ultimate Race: Peak Oil vs. Global Warming Ascent of
Peak Oil The Boom in Doom: Peak Oil in the New York Times
Not exact matches
The quasi-state-controlled
oil company has new leadership and its stock has been crushed amid the shake up and corruption charges, down as much as 70 % from its
peak during the
boom years.
But
oil is still far cheaper than at the
peak of the previous eight - year
boom that began in 2006 North Dakota's Bakken
oil patch and supercharged the city of Williston.
The fraction of crude
oil consumed in the U.S. that was imported went from 35 % immediately before the 1973
oil crisis,
peaked at 60 % in 2005, and then returned to 35 % by 2013 [7] thanks to increased domestic production [8] from the shale
oil boom.
The tight
oil boom wasn't prophesied like
peak oil — if it was, it got no publicity.
Jim Kunstler would say it is because of
Peak Oil, that suburban homeowners won't be able to afford to heat or cool their houses or commute to work; We have said that it is because of global warming, that low density construction uses too many resources and creates too much CO2 when nobody can walk anywhere; Perhaps demographer David Foot, author of
Boom, Bust and Echo, 10 years ago was right all along, that demographics are everything and just watch those baby
boomers.
Finally, the chart is not immune to temporary events like the Texas
oil boom of the late 1970s and early «80s, which caused housing prices in Houston, Dallas and San Antonio to
peak just after 1980.