27 Oct '12, 6am

#peakoil America’s (Un)Peak Oil: News stories in recent days have touted America’s recent surge in oil productio...

#peakoil America’s (Un)Peak Oil: News stories in recent days have touted America’s recent surge in oil productio...

Or maybe not! Maybe the world continues its trend of becoming less energy intensive, mitigating demand. Or maybe over the next 8, 10, 15 years the combustion engine becomes a relic. Just because subsidized “green-energy” firms have been going belly-up left and right doesn’t mean there isn’t now or won’t be a potentially profitable alternate to crude energy. Or multiple alternatives! Like natural gas, which is experiencing a full-scale US boom. Or maybe some combination of all these scenarios. Folks who fear an impending deleterious economic impact from “Peak Oil” must, by defintion, assume there will be no futher innovations that will increase supply, mitigate demand, drive down costs and/or change how we power our economy. That’s a dangerous (and historically baseless) gamble to make.

Full article: http://peakoil.com/production/americas-unpeak-oil/

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