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New Technologies Redraw the World’s Energy Picture


Ocean oil rig

There was an eye-opening article in the New York Times in recent days that provides a pretty persuasive argument that peak oil is simply not going to happen.  There appear to be multiple and abundant new sources of fossil fuels - both conventional and novel - being found around the world.  The net result could well be a significant improvement in the geopolitical balance in the world (at least from our perspective) but, equally likely, potentially disastrous environmental consequences.  Many people are spending a lot of time and energy worrying about what will happen if we run out of oil; perhaps we really have to worry about what will happen if we don’t!