Has the threat of peak oil passed?

In recent months we've seen a spate of assertions that peak oil is a worry of the past thanks to so-called "new technologies" that can tap massive amounts of previously inaccessible stores of "unconventional" oil. "Don't worry, drive on," we're told.

We can fall for the oil industry hype and keep ourselves chained to a resource that's depleting and comes with ever increasing economic and environmental costs, or we can recognize that the days of cheap and abundant oil (not to mention coal and natural gas) are over.

 

Quote of the Day

"And so the fact that really caught me and made me sit up and take notice is this one: somebody who is 22 years old today has been alive since half of all the oil ever has been burned. So what happens in the next 22 years, and how about the 22 years after that? 

This is a story, if you’re thinking anywhere further than just the next month or the next quarter, if you’re in charge of endowments, pensions, if you’re a leader of a country, you’re a planner of a community, if you just happen to be a concerned individual. 

I think if you stretch your view out just into these next couple of decades, there’s enough there to make you say, OOH!, maybe there’s some risks here, maybe there’s some modifications, maybe there’s some things we can do, should be doing, consider doing, that would make a lot of sense in this environment….

Planning for the future … what a concept!"

Chris Martenson

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