Sunday, September 25, 2011

Peak Oil - Ignores Market Forces

I wrote an article about a year ago about how Peak Oil ignores market forces (To read Click Here).  As price increases, more marginal reserves are exploited and technology allows us to access more and more previously unaccessable resources.  This in turn pushes the peak oil problem further and further out to the future. 

I recently came across an article in the Wall Street Journal that states many of the same points.  You can read it at the link below. 

http://online.wsj.com/article/SB10001424053111904060604576572552998674340.html?mod=WSJ_hp_LEFTTopStories


Best Regards,
Kevin

1 comment:

  1. It may push it out into the future but it doesn't change it.

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