21 Oct '11, 4pm

Pawns of Big Oil work to reverse logic: #yergin

Pawns of Big Oil work to reverse logic: #yergin

Recently I’ve been getting emails from folks who had previously read an article or two on Peak Oil and found the evidence convincing—but who have more recently encountered a piece or two by Daniel Yergin (or another writer following the same train of thought). Their new line of reasoning goes like this: There are immense quantities of low-grade fossil fuels in Earth’s crust. Until recently, these were inaccessible for practical reasons. But engineers are developing technologies to enable economic extraction. Just as “fracking” shale gas has been a “game changer” for the natural gas industry, new technologies for accessing tar sands, oil shale, and shale oil (those latter two are very different things, by the way) will change the oil game. There are centuries’ worth of these substances out there. Thus, in short, Peak Oil is (as the title of one recent article argued), “enti...

Full article: http://www.postcarbon.org/blog-post/543906-course-review-...

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