richjoy

The 'Peak Oil' Myth: New Oil Is Plentiful

Mr. Schwarz...prepare to be flamed by dozens of zealots buying into the Peak Oil Theory. Unfortunately, the Peak Oil folks are like the Climate Change folks--they take no prisoners.

Frankly, I find myself somewhere between the polar positions. We have a liquid fuels problem--and solar, wind, geothermal, and wave energies (and the like) will not solve that problem. I suspect in the near term oil will go higher (maybe much higher), but in the longer term oil will fall as both new oil fields and liquid coal (or new technologies) come on-stream.