Specter of Peak Oil Production Looms Once Again
The topic has featured prominently at this week’s CERAWeek conference in Houston.
Pumpjacks outside Midland, Texas.
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities powering the economy. This week, we’re coming to you from CERAWeek in Houston, where delegates confront a very different political landscape from last year. Reporter David Wethe looks at the return of chatter about plateauing oil output.
The topic of peak-oil production is back in vogue after a prolonged hiatus — if remarks from executives attending the key energy conference in Houston this week are any indication.