Global Warming Examiner

The 'Peak Oil' Myth: New Oil Is Plentiful

The economics of higher oil prices cause us to seek ever more marginal and expensive petroleum resources. Sources like oil shale contain a lot of oil potential, but it is hugely expensive to extract that oil, both from a dollar cost and global warming prospective. We should be drilling our best, cleanest oil prospects now like ANWR and offshore, to give us time to develop clean alternatives so we don't end up producing from oil shale.