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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