Peak Oil Officially Out of Vogue
Mark Perry notes the passing of the fad. Any time we can throw one more silly notion on the ash pile, it's a good thing.
UPDATE: And today comes a textbook story on why the Peak Oil skeptics have been right and the Peak Oilers have been wrong - a new technology will allow a 70-year old well that's pumped 800 million barrels to keep pumping another 40 million barrels for another 25 years. Lesson: let a million technologies bloom.
UPDATE: And today comes a textbook story on why the Peak Oil skeptics have been right and the Peak Oilers have been wrong - a new technology will allow a 70-year old well that's pumped 800 million barrels to keep pumping another 40 million barrels for another 25 years. Lesson: let a million technologies bloom.
posted by Donny Baseball at 3:54 PM
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