The “Peak Oil” concept — that the world’s petroleum-production rate will soon reach its maximum and commence an inevitable decline, with negative economic consequences — has been around in scientifically articulated form at least since 1998; long enough to see it confirmed in significant ways.
The rate of discovery of new oilfields has been falling since [...]
From the category archives:
Barbarism and Good Brandy
by Publisher2 March 12, 2010 CommentaryBy John Michael Greer
(The Intelligence Daily) — A taste for irony is a useful habit to cultivate if you happen to write about energy issues in the declining years of a civilization defined by its extravagant use of energy, on the one hand, and the dubious logic it uses to justify that extravagance on the [...]