If you’ve been following me for any length of time you know that I am a strict observationalist. If I can see that something is happening, I don’t struggle with wondering if it’s happening.

Peak Oil is not a theory, it is an observation that individual wells produce up to a peak, and then the output declines as the well’s initial bounty is depleted.

What’s true for every single individual well is equally true when averaged across an entire set of wells placed within any given oil basin.

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