The next crisis: prepare for peak oil

the work of the Industry Taskforce on Peak Oil and Energy Security shouldn't be disparagingly dismissed. Its arguments are well founded and lead it to the conclusion that, while the global downturn may have delayed it by a couple of years, peak oil—the point at which global production reaches its maximum—is no more than five years away. Governments and corporations need to use the intervening years to speed up the development of and move toward other ... Full Story »

Posted by Beth Wellington
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Posted by: Posted by Beth Wellington - Jun 9, 2010 - 1:05 PM PDT
Content Type: Article
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Edited by: Beth Wellington - Jun 10, 2010 - 8:15 AM PDT
Mike LaBonte
2.3
by Mike LaBonte - Jun. 21, 2010

This rehashes existing comments about peak oil instead of helping people to understand it better. It needs more context on the Industry Taskforce on Peak Oil and Energy Security. In general there is just not enough support for arguments made.

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Jon Mitchell
3.0
by Jon Mitchell - Jun. 20, 2010

This article comes from a very skeptical standpoint about Peak Oil, and it hedges its comments in favor of the notion with more optimistic views from the likes of BP. It reports one study by an industry taskforce without consulting sources from outside the oil and gas industries. It is noteworthy, though, that the oil industry itself is now discussing peak production.

This article is very late, if this is meant to be the first time many WSJ readers hear about Peak Oil, which is definitely the tone here. It doesn't come from a balanced perspective; you can almost hear the incredulity in the author's tone. It seems, though, that the Peak Oil message has gotten through to the WSJ, now that a former chairman of Shell is saying so. This estimate of 2015 for peak is very generous, as some sources (see links) say that peak already occurred in 2005. At ... More »

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Links Help

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