Gerry Canavan

the smartest kid on earth

Peak Oil "Wrong"?

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“Peak oil is wrong. We really don’t know how much oil there is in most of the oil reservoirs of the world. Oil reservoirs are complex geological structures, and most of the data is in private hands, or in state governments, and they are not particularly forthcoming about how much is there.”

So claims environmental futurist Peter Schwartz in New York City. Before you click that “we’re saved” tag, though, read the fine print:

“We are not going to run out of oil before the issue of climate change drives change. It’ll be costly oil. But it’ll be climate change catastrophes [such as sudden, unexpected displacement of large numbers of people, and massive property damage], and more expensive oil, not the fact that we’re running out of oil, that will drive change,” according to Schwartz.

Elsewhere in the environmental apocalypse, the successful political wrangling from Democrats on the drill-baby-drill issue (blogged here and here) has apparently caused the so-called “Gang of 20” to withdraw their energy bill. Climate Progress says this means the Dems have “blown it,” but I’m not so sure: the obstructionism is pretty clearly coming from just one direction here. It’s just up to the Democrats to talk up the Republicans’ unwillingness to live up to their “all of the above” rhetoric in practice.

Written by gerrycanavan

September 20, 2008 at 3:24 am

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