Michael Lynch's Revenge  

Posted by Big Gav in , , ,

Forbes has an article from long time peak oil skeptic Michael Lynch, in which he appears quite chuffed at the demise of the peak oil doomers - Saudi Oil Confounds The Skeptics (Who Remain Unrepentant).

Lynch concentrates on the non-peaking of Saudi oil production (dissing Matt Simmons, James Hamilton and Stuart Staniford along the way) and note that the peak oil pessimists all assumed that inaccurate oil reserve data was over-estimated - however in the case of he large oil producers like Saudi and Iraq it has seemingly been under-estimated...

Simmons is probably rolling in his grave when Lynch quotes one of his many dire predictions - "[Simmons] said the previous peak of 144 thousand barrels per day in 1981 for the Khurais field was “likely Khurais’ all-time peak output.” It restarted five years later at 1.2 million barrels a day."

Ouch.

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