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Peak ‘Cheap’ Oil: Shale Oil Proves Peak Oil Is Indeed Upon Us
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September 30, 2013
Peak ‘Cheap’ Oil: Shale Oil Proves Peak Oil Is Indeed Upon Us
September 30, 2013
Ever the contrarian, I have been quite skeptical of the many breathless claims being made by wide swaths of the media about how a new energy bonanza is going to overtake the U.S. and eventually the world. The subject, of course, is the new shale plays in both natural gas and oil. While these plays are in special cases quite extraordinary, and the technology is just brilliant, many of the more exuberant claims made in the past about the potential contributions of these plays are now being dialed back.
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