Breaking SMU Cox Research Dispels Peak Theories' Delusions
Peak Theories More Myth than FactDallas (SMU) – The concept of peak oil has captured the imaginations of policymakers, analysts, researchers, and the public. The idea of a peaking resource, such as oil, ushering in an era of reduced growth and hardship, doesn't hold water, according to new research. Energy economist Dr. James Smith of SMU Cox provides calculations in new research which show that the "peak" is an unreliable indicator of resource scarcity, particularly for oil markets governed by the fundamentals of price, supply, and demand. While the idea of peaking may offer some