David Strahan and Duncan Clarke take opposing sides on the peak oil debate in The Last Oil Shock and The Battle for Barrels. Larry Elliott weighs up the evidence
Saturday April 14, 2007
Back in 1956, an American geophysicist called Marion King Hubbert came up with a startling prediction: that production of oil from the continental United States would peak within the next 10 to 15 years. Few paid any attention. This, after all, was the era when the car was king and king-sized; when James Dean was racing in the streets in Rebel Without a Cause and President Eisenhower was investing billions of dollars in the interstate network.
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