Sunday, February 4, 2018

Whatever Happened to 'Peak Oil'?

For years we heard about "Peak oil," the theory of hitting a maximum amount of oil production and waiting for it to run out, none louder than in the pages of the New York Times and the Washington Post.

The Times peak oil scare was not limited to its editorial pages.

In June 2010, the Times profiled environmentalist "Survivalists" who were stocking up on seeds and supplies out of fear the world would run out of oil.

"The Washington Post was also a bit premature on its peak oil scare."Wake Up, America.

The editorial advocated changes to the "way we produce food, "Conduct commerce and trade," the "Way we travel," the "Way we occupy the land," and the "Way we acquire and spend capital," in response to peak oil.

"[E]stimates of vast undiscovered oil reservoirs imply that Peak Oil is decades away," said Robert J. Samuelson.

In 2015 the Post and Samuelson declared, "The retreat of 'peak oil.'".

http://freebeacon.com/blog/whatever-happened-peak-oil/ 

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