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Why Palast Is Wrong – And Why The Oil Companies Don’t Want You to Know it

ZACH 

HubbertGuerilla News Network – Excerpt from Armed Madhouse

Now that I’ve convinced you that the Peak Oil crowd is crackers, let me disagree with myself. We can’t understand the new class war unless we understand why oil, a certain kind at least, has in fact “peaked.”

We’ve long jumped over Hubbert’s predicted peak and, in 2006, rolled our SUVs right through the “culmination”- that is, used the last drops of the one-and-a-quarter-trillion barrels of liquid crude the good Earth can provide according to the Hubbert jeremiad. Furthermore, “The rise in the production of power from nuclear energy for the United States” ran out long before uranium’s five-thousand-year reign, despite Hubbert’s hope and prediction. …more