This is getting ridiculous. Does anyone seriously think Peak Oil is still a serious point of view? Take a look at this graph showing the size of shale oil deposits in the USA:
Of course this oil needs to be extracted and it is much harder to get oil out of shale than out of wells in Saudi. But still, there is more oil in that green bar than the human race has consumed since we discovered it. We get to have all our oil all over again!
Oil is popping up everywhere now. Can't think why...oh yes it's because the price is sky high. Peak Oil was conceived when oil cost $10 a barrel. At $120 a barrel even getting oil from rock is viable.
Let's be clear about this. We are not running out of oil. We are running out of excuses for high oil prices. We are running out of patience with environmentalists trying to stop the drilling. We are running out of patience with high fuel taxes.
But we are not running out of oil.
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