WHEN WILL PEOPLE START TO UNDERSTAND PEAK OIL?

"Peak Oil will always be a controversial theory… always. But it’s a reality. What’s maddening is explaining it over and over again to people that don’t get it ... As I’ve said, peak oil does not refer to the amount of oil we have left. Peak oil refers to the flow rates. It refers to the fact that the “easy to get to” oil is gone. It’s the “hard to reach” expensive oil that we now have to go after ... That’s why we’re now going after the expensive “hard to reach” oil in places, such as Alaska’s North Slope, which is turning out to be pretty exciting stuff ... Ignore those that have no idea what peak oil theory really is. For a Saudi to get the theory wrong is just laughable."

Zum Artikel von Ian Cooper, erschienen auf Market Intelligence Center (24. April 2013) »