The Wall Street Journal has a delightful editorial today on Peak Oil. That prompted me to pull together several articles I’ve been wanting to talk about.
Just in case you wondered, the devotees of Peak Oil are alive and well. Many of the big names are reportedly in hiding. Do a few minute search on the ‘net and you can still find a lot of them. I’ve had a dialogue over the last few days with one gentleman on my blog.
Haven’t pointed out the foolishness of Peak Oil doctrine since July, so it’s time to look again. Here we go…
12/5 – Wall Street Journal – ‘Peak Oil’ Debunked, Again – And again. And again.
Gotta’ love the opening paragraph:
It has been 216 years since Thomas Malthus gave birth to the idea that mankind’s appetite for natural resources would outstrip nature’s capacity to supply them. There have since been regular warnings that the world is running out of soybeans, helium, chocolate, tunsgsten, you name it—and that population growth has become unsustainable. The warnings create a political or social panic for a while, only to be proved wrong.
Peak Oil is the current fad of ‘we will run out by the day after tomorrow.’
The run up in oil over the last several years to a high of around $112 this past summer has encouraged entreprenuers, or perhaps we should call them petroprenuers, to figure out how to get massive amount of shale oil out of the ground. Read more…