27 Jun '12, 1pm
Drumbeat: June 27, 2012
COULD PEAK OIL BECOME IRRELEVANT? Something occurred to me the other day: the future rarely turns out like we think it will, there are twists and turns that we don’t see coming. Yesterday I read some articles about how massive amounts of oil are being found or produced in new ways and how even more oil is on the way- liquids may not peak until 2030 some of these articles said. And I must admit that there is growing evidence that the peak is not in the “rear view mirror” so to speak. I then read some counter articles attacking this optimistic view- and the counter arguments also had sound points to make. Then I saw something that gave me a glimpse of the curve ball which may be coming our way- so here it is below: As you can see, this is a map of drought conditions in the US. I check this map every week. Last year the map was in the news a lot because of the deep red super ...