Carmelo Ruiz-Marrero

Oil peak: A crude ruse?

'We're running out of oil!'' We've been hearing this warning at least since the 1970s oil shocks, but recently it has been proclaimed with increasing insistence. The idea goes back to 1956, when Shell geologist M King Hubbert declared that the world had enough oil for only about 50 more years, writes Carmelo Ruiz-Marrero.

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