Energy Q&A Part I: Peak Oil and Oil Price Spikes

Q: “I saw you on Fox Business News . You said that you think the price of oil is too high and will come down. You have been a long-time ‘Peak Oil’ guy. So why do you think that oil prices will come down?” Yes, I’m a long-time Peak Oil guy. I met M. King Hubbert back in 1977 at Harvard, and heard his lecture on where the trends are taking us. So I’ve been doing “Peak Oil” since Peak Oil wasn’t cool. Long term, I am convinced that we live in a Peak Oil world. But we also live in a world of…