In recent months we’ve seen a spate of articles, reports, and op-eds claiming that peak oil is a worry of the past thanks to so-called “new technologies” that can tap massive amounts of previously inaccessible stores of “unconventional” oil. “Don’t worry, drive on,” we’re told.
But as Post Carbon Institute Senior Fellow Richard Heinberg asks in this short video, what’s really new here? “What’s new is high oil prices and … the economy hates high oil prices.”
WANDERLUST 