Oil and Gas in Indiana
I thought this was interesting as pertains to Indiana. Looks like the graph that is shown indicates somewhat of a bell curve like in Hubbert's curve. It looks a little bumpy due to the reasons stated in the article. Perhaps newer technology will give us a little more. That still doesn't satiate the fact that oil is a finite resource and will decline eventually anyway. At the most, it could buy us some more time to "make the switch" (as if THAT will ever happen). As long as prices stay high, they will reopen and explore, production will rise, and the curve will spike once again for a time period. If some type of demand destruction occurs, then this will probably cause the curve to look a little bumpy, too. Nonetheless, ultimately comes decline for our future generations. If those responsible would only look a little further down the road...
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