Friday, January 4, 2008

Another reason why Peak Oil should scare you

What if all the new oil we’re discovering right now doesn’t do much better than 1-1 on energy return for energy invested? In other words, what if, within 20 years, or less, all the oil still in the ground around the world in still-undrilled sites would take more energy to pump out of the ground than it’s worth?

The linked piece is long, about 5,000 words, but, short of James Kunstler apocalyptic, something like this should scare you.

The deafening silence of all presidential candidates of both major parties about Peak Oil isn’t staggering (because it doesn’t surprise me), but it is disgusting.

I’ll shortly be doing a more in-depth post about major issues missing from this year’s presidential campaign.