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Peak Oil is Alive and Well, and Costing the Earth

peak oil

Author: Samuel Alexander, Research fellow, Melbourne Sustainable Society Institute
You might have heard that peak oil – the theory that one day crude oil production will stop increasing, even as demand grows – is dead. Shale oil production is surging in the US. The premiere peak oil website, The Oil Drum, is shutting up shop. Even notoriously left-leaning columnist George Monbiot has announced: “We were wrong about peak oil”.
But he’s wrong about being wrong.