Peak oil theorists don't know Jack via Energy Bulletin
The days of such discoveries were supposedly gone, with oil supplies peaking as the world simply ran out of big oil-producing fields, according to pessimistic forecasters. Instead, high technology and sky-high oil prices have combined to transform dud prospects into billions of barrels of crude.
"The industry is still very capable of coming up with new ways of producing oil," says Michael Lynch, a prominent opponent of the notion of peak oil -- that global supplies of crude are set for a marked decline.
Following the personalities and trends of oil in the news, a few things have become clear.
For one, while there is a subculture of people for whom the concept of peak oil has meaning, ranging from permaculture folk to one Michael Lynch, it is still a background meme, something that exists below the active conciousness of western culture. Peak oil is an idea to argue over at cocktail parties or to spray paint on a train trestle.
That said, there is an industry response to the observed reality of peaking oil, (or more precisely, the peaking of oil reservoirs that can be produced at useful rates).
The response is identical to that directed at climate change and global warming. Deny, prevaricate, lie. Attack scientists.
Of course, in these latter days, oil industry interests are grudgingly acknowledging climate change, and even suggesting that governments of the world take action.
Seventeen years late.
Frankly, if the global response to peak oil is seventeen years off, trouble is in the offing. Staving off widespread starvation around the world is the outstanding problem that must be solved. A tank of Bio-Diesel in food form will feed a human for a year, so I’m looking for ethical solutions. Preventing resource wars is a close second. Not doing so well on that front at present.
Start picking teams for your motorcycle gang, your petrol marauders.
People are so busy untying their shoes in airports and being whisked by air and slovenly security personal that focusing on the energy motivating our twenty-first century carnival of consumption is impossible.
I don't have answers. An accurate stating of the problem at hand is essential to developing a plan of action that addresses it. The oil companies have no interest in addressing peak oil. They are certainly interested in benefiting from it.