NY Times: Peak Oil, Schmeak Oil
Yep, you read that right (HT Cato-at-Liberty):
Within the last decade, technology advances have made it possible to unlock more oil from old fields, and, at the same time, higher oil prices have made it economical for companies to go after reserves that are harder to reach. With plenty of oil still left in familiar locations, forecasts that the world’s reserves are drying out have given way to predictions that more oil can be found than ever before.
More bad news for Peak Oilers. More great news for everyone else. Pass the high-tech drill bits.
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Selected Previous Posts:
- Nov. 16, 2006 — Understatement of the Week: Peak Oil, Schmeak Oil
- Oct. 26 — Peak Oilers’ Worst Nightmare
- Sept. 6 — Bad News for Peak Oilers; Good News for the Rest of Us
- Mar. 13 — Another Bad News Post for the Peak Oilers (Good News for Everyone Else)
- Nov. 15, 2005 — Passage of the Day: The Wall Street Journal on the Car Luddites
- Nov. 3 — Peak Oil True Believers Are Going Through a Rough Patch
- Oct. 31 — More Real-World Evidence of “Peak Oil†Nonsense
- Oct. 10 — OpinionJournal.com’s “Peak Oil†Rebuttal
- Aug. 26 — I’m Tired of the Oil-Price and Oil-Supply Obsessions
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