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Peak 'Cheap' Oil: Shale Oil Proves Peak Oil Is Indeed Upon Us

We wouldn't drill for it if the cheap stuff were still here
Sunday, September 29, 2013, 10:40 PM
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Ever the contrarian, I have been quite skeptical of the many breathless claims being made by wide swaths of the media about how a new energy bonanza is going to overtake the U.S. and eventually the world.  The subject, of course, is the new shale plays in both natural gas and oil.

While these plays are in special cases quite extraordinary, and the technology is just brilliant, many of the more exuberant claims made in the past about the potential contributions of these plays are now being dialed back.

 

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