Did crude oil production actually peak in 2005?

Haven’t we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years? The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct.

Wonders yet to come: A sound basis for energy policy?

Wonders-yet-to-come seem to dominate U.S. energy policy. There is talk of changing laws to allow the exporting of oil and natural gas. There is talk of American energy independence. There is talk of an American energy renaissance and the ruination of OPEC. It is all very breathless and essentially baseless.

Will the International Energy Agency’s oil forecast be wrong again?

The famous Danish physicist Niels Bohr once humorously observed, "Predictions are very difficult, especially about the future." And so, as the world considers yet another rosy oil supply forecast, this time from the Paris-based International Energy Agency, it is worth reviewing the agency’s record.