12 December 2009
David Roper, the retired Virginia Tech professor has turned out to be a font of wisdom backed up with a sharp, inquisitive mind and lots of both data and mathematical skills. In a page entitled "World Fossil-Fuels Depletion" he analyzes past production and reserves and casts forward the amount of fossil fuels (oil, coal, natural gas) and the production rate over time. Embedded in this wonderfully thorough analysis is this optimistic prediction of US gas prices out to 2030.
I just want to point out that this graph smooths out rough spots and does not predict intercessions by war, embargo's, revolutions or the world choosing not to be trading in dollars. for more of Davis wonderful work click here.