Challenging peak oil

Interesting piece challenging the notion of peak oil below. Essentially “peak oil” posits that we’ve used up more than 50% of the oil in the ground and we are facing immanent and abrupt oil shortages.

The debate around peak oil is a fascinating one but ultimately I’m agnostic on the issue.

The bottom line is this: whether we’re on our last oily drop or there remains oceans of the stuff under the Earth’s crust, for a whole host of very valid and pressing environmental and security concerns we need to find and develop new and renewable energy sources.

Any other discussion is academic.

Daniel Yergin: What’s Wrong With Peak Oil – WSJ.com
http://online.wsj.com/article/SB10001424053111904060604576572552998674340.html