Welcome to Peak Oil Panic!

Ok, its been widely noted that Hubbert’s peak did not factor in technological advances.

Here is a good example. Composites.

In our generation we have moved from wooden tennis rackets, to carbon/composite rackets becoming the norm, with the wooden racket becoming a historic curiosity.

Those are consumer consumables, imagine the advances that are being made in commercial high-performance materials - like maybe those that are used for drilling in deep water.

Here is a bit of an article on some of the development of composity goodness that just may stave off “The Dreaded Peak Of Death”, for maybe a generation or two.

DeepFlex also has patented a lightweight catenary system, comprised of proprietary external weights in the touchdown area, which put tension in their extremely lightweight, high-pressure tubulars that hang from floating production vessels and service subsea installations in water as deep as 3,000m (9,843 ft).

I don’t know about you, but being able to drill in depths of about 3,000 meters sure sounds good to me!

Check out the full article here.