Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, June 26, 2012

Should we Still be Concerned with Peak Oil?

Should we Still be Concerned with Peak Oil?

With oil prices falling precipitously, this seems like a good time to reassess the widely anticipated phenomenon known as peak oil. How much of a threat is it as we look into the future?There are basically two camps about the peak of global oil production.•    Cornucopians — Not only is the glass half-full, it is brimming over. There is no threat whatsoever to industrial civilizations. The Stone Age didn't end because we ran out of stones.•    Doomers — The glass is half-empty and we're draining…Read more...

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