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December 7, 2011

Fracking Shale Pummels Peak Oil Against the Ropes w/ Punishing Body Blows

Lately, rapid developments in petroleum production technology has knocked peak oil from the speaking circuit to the circular jerkular echo choir set.
Of all developments most concerning to peak oil devotees, is the possibility that China (and India) may be able to supply most of their own energy and fuel from domestic sources. Discoveries of large shale petroleum resources, plus the discovery of "another Saudi Arabia" off China's shores, suggest that China's petroleum future may be secure for a few decades. If you add China's rapid build-up of nuclear power plants, China may not need to buy so much oil from OPEC after all. -- Al Fin Energy

Posted by gerardvanderleun at December 7, 2011 9:12 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

The Hydrocarbon Age is not over by a long shot. We have another half century of oil, gas and coal to go before solar, etc. are ready for prime time.

I wish to God all these "prognosticators" would study a lot more history, including the history of technological and scientific progress, but they obviously don't.

Posted by: Don Rodrigo at December 7, 2011 10:27 AM

Peak Oil is a joke, I'm tired of people bringing it up. Every time someone claims we're running out or running out of cheap oil, someone finds another gigantic ocean of the stuff.

Posted by: Christopher Taylor at December 7, 2011 12:50 PM

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