24 Mar '12, 7pm

The New York Times exaggerates the significance of shale oil

In a number of articles The New York Times has shown that it is not concerned about Peak Oil. On 23 March it headed page 1 with the article, “U.S. Inches Toward Goal of Energy Independence” (http://www.nytimes.com/2012/03/23/business/energy-environment/inching-to... ). The article reminds us that since Nixon’s time every president has had the same goal of giving the USA “independence from foreign energy sources”. One can interpret the article as saying that the USA is now on the way to reaching this goal but let us compare some of the statements in the article to what the USA’s Energy Information Agency (EIA) says. “Using new technology and spurred by rising oil prices since the mid-2000s, the industry is extracting millions of barrels more a week, from the deepest waters of the Gulf of Mexico to the prairies of North Dakota.” In 2010 the USA consumed approximately 15 mill...

Full article: http://www.energybulletin.net/stories/2012-03-24/new-york...

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