07 Jun '13, 2pm

Drumbeat: June 7, 2013

Posted by Leanan on June 7, 2013 - 11:06am Dangerous Times As Energy Sources Get Costlier To Extract Remember the term “peak oil”? With all the oil now available from oil shale, tar sands, and other new sources, many analysts assume that the old talk of peak oil has been proven dead wrong. They buttress this conclusion with statistics showing decreased per capita oil usage, a signal, they say, of our entry into a golden era of rising supply and falling demand that will cut energy prices and fuel economic growth. The optimists believe that our energy problems have been largely solved. I wouldn’t bet on that. The real issue with oil isn’t how much we have or even whether we can continue to increase production. That’s what peak oil had come to represent and why, in retrospect, it was a misleading term. Rather, what really matters is the cost of resources, in terms of resource...

Full article: http://www.theoildrum.com/node/10018

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