By confusing a reserve and a resource, and ignoring the energy requirements for extracting unconventional gas and oil, e.g. through hydraulic fracturing (fracking) and retorting oil shale, the mistaken view has emerged that peak oil will not happen, or not for many decades. Quite simply, once the ceiling of conventional crude oil production is reached and the inevitable decline in its supply occurs, an ever greater quantity of unconventional oil will be needed to make up for it. So long as the consequent and deepening Â“holeÂ” in the output of crude oil can be filled from alternative,... Read more
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- Chris Rhodes commented on “Peak Oil” is Nonsense… Because There’s Enough Gas to Last 250 Years.: I have offered this article to The Daily Mail, pointing-out the deficiencies in Lord Lawson's argument, but I doubt they will publish it as a rebuttal. Said ...
- Robert Spencer commented on “Peak Oil” is Nonsense… Because There’s Enough Gas to Last 250 Years.: Amazing that Lord Lawson still has influence on what is reported in the press - world affairs as reported by the Daily Mail and even the Times can be ...
- trevor commented on “Peak Oil” is Nonsense… Because There’s Enough Gas to Last 250 Years.: Sure there is .....