Peak Oil is a controversial concept. Some people actually think that the production of oil in nature is continuous (which is a tiny bit, but hardly at all, true) so we can keep pumping oil out of the ground and it will just keep being produced by tiny microbes. But aside from that particular, and annoying, made-up controversy, “real” Peak Oil (or should I say Peak Real Oil) is still controversial. Peak Oil is defined as the moment when the maximum rate of petroleum extraction occurs, and thereafter production declines steadily, like on a bell curve. But that is, in my view, the wrong way to look at it. I would like to propose a different way, and to understand this approach we first must understand chocolate chip cookies. Which is not difficult. If you make a batch of chocolate chip cookies, then […]