pie is in the sky
Why $5 Gas Is Good for America
(Matt) Simmons' techno-cluelessness would be funny - calling Jed Clampett with his 12-gauge! - if he weren't the spearhead of a whole hand-wringing school of petro-pessimism. The oil fields are running dry, the gas gauge is on empty, the American way of life is doomed - these ideas bob like plastic shark fins on the storm surge of current oil prices. But the history of energy innovation suggests something very different - and a lot less dire.
All of which would be seriously alarming but for one happy fact: We've never had more options for keeping those wheels turning. Aramco's fuzzy logic is just one of a multitude of new tools and fuels - some proven, some in the works, and some wildly speculative. The main thing standing between those possibilities and your gas tank is cheap crude oil that costs Aramco barely $3 a barrel to bring to the surface.
After a few missteps lately, I'd made a promise to myself not to rely on the cheap trick of ranting in the direction of morons, but this article from Wired News takes the cake, and wins a prize for the amount of empty rhetoric employed in lieu of verifiable facts.
And the ad-hominum attacks against Simmons remove any doubt. I am sharpening my scalpel. Surgery to follow.
More to come.
In the meantime, enjoy this collection of Energy Foolishness, including more from the author of the above Wired article, Spencer Reiss.