19 May '12, 1pm

Drumbeat: May 19, 2012

Posted by Leanan on May 19, 2012 - 10:09am The age of extreme oil: ‘This used to be a forest?' Over the course of three days spent visiting reserves, band offices and the vast sand dunes left behind by the bitumen-scrubbers surrounding Fort McMurray, the Achuar confronted a reality that may one day be their own. And they didn't much like what they saw. This encounter was born of a new dynamic: the age of extreme oil. Gone are the days of sweet Texas crude and boundless Arabian oil fields, when petroleum lay so near the surface that all a company had to do was prick the Earth's crust and let the black gold gush. To the environmentalists who worry about reaching “peak oil” (and a subsequent decline in fossil fuels), critics can point out accurately enough that the world is flush with new hydrocarbon reserves. They are less quick to acknowledge the epic complexity and risks o...

Full article: http://www.theoildrum.com/node/9198

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