Oil

Business
9:46 am
Fri October 17, 2014

Predictions Of 'Peak Oil' Production Prove Slippery

Workers drill for oil in the Bakken shale formation outside Watford City, N.D., an area experiencing an oil boom.
Andrew Burton Getty Images

Originally published on Sat October 18, 2014 11:52 am

The dustiest portion of my home library includes the 1980s books — about how Japan's economy would dominate the world.

And then there are the 1990s books — about how the Y2K computer glitch would end the modern era.

Go up one more shelf for the late 2000s books — about oil "peaking." The authors claimed global oil production was reaching a peak and would soon decline, causing economic chaos.

The titles include Peak Oil and the Second Great Depression, Peak Oil Survival and When Oil Peaked.

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Business
2:58 pm
Tue August 20, 2013

Kentucky Oil Production Increased in Past Year

Credit DOE

Oil production in Kentucky over the past eleven years reached 31 million barrels but increased significantly in the last year. That’s what the executive director of the Kentucky Oil and Gas Association told a House panel in Frankfort today.

Andrew McNeill testified before the House Natural Resources and Environment Committee. He says the state’s average annual production during the period was 2.5 million barrels.

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