The team took an approach which expresses mathematically the idea that oil becomes harder to produce, the less there remains to be produced — the basis of
peak oil theory.
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Peak -
oil theory has steadily been gaining traction over the years.
A survey conducted recently by COMPAS Inc. found a majority of Canadian CEOs polled subscribe to peak -
oil theory — the idea that the planet is running out of easily accessible and economical oil — but believe it is difficult to predict when peak production will occur.
«The big, macroeconomic idea that we had at Clarium — the idée fixe — was the peak -
oil theory,» Thiel says, «which was basically that the world was running out of oil, and that there were no easy alternatives — either more oil or conservation or alternative energy.»
«It's a very bullish supply - and - demand situation, and the peak
oil theory is probably correct.
The Dissolve: You had a lot to say in the Tribeca Q&A about your belief in the peak
oil theory, and the danger we're all in as a result.
Many made these investments in response to such notions as Peak
Oil theory.
If you're an adherent to the peak
oil theory (as I am), then the Canadian dollar will remain above par the US currency for quite some time.
And OPEC «deny peak
oil theory» apparently!
Environmentalists are embracing the Peak
Oil Theory, but in their version supply won't peak, demand will, since no one really wants oil.
It seemed to prove that we were in the grip of what they said peak -
oil theory had predicted.