Free Markets, Free People

peak oil

And the beat goes on …

And on and on and on:

“We now have an elephant in the room, and its name is peak oil.” –Kjell Aleklett, Professor in Global Energy Systems

Lord I wish I had a nickel for every time I’ve heard that in the last 30 years. And always in the face of something like this:

Nearly a third of the world’s technically recoverable natural gas and 10 percent of its oil can be found in shale formations, according to anew report by the Energy Information Administration.  Thanks to fracking and horizontal drilling, there’s a bounty of oil and gas available to countries around the world .

This report, which has a much larger scope than previous reports, bumped up the estimated global amount of technically recoverable shale gas by 9.3 percent. In its regional breakdown North America looks like a big winner. Of the 41 countries surveyed, Mexico had the seventh and Canada the ninth largest reserves of shale oil, while the US was second only to Russia. Meanwhile, the US, Canada, and Mexico were in fourth, fifth and sixth place, respectively in the EIA’s ranking of the largest technically recoverable shale gas reserves.

Of course part of the reason the peak oil crowd continues to issue it’s predictions is it seems tied into, well, another bit of a scam:

Are you optimistic about the future? Do you think that politicians will, at some point, address the problem of peak oil?

I’ve been working in this field for many years now, and it’s sad to see how little has been done. The measures that have been taken have been implemented largely because of climate change. Energy challenges such as peak oil are closely linked with climate-related issues, so victories within the field of climate change tend to be victories for peak oil as well. The good news is that we have started to tread the right path. Ultimately, we have to act. Whichever way you look at it, we won’t be able to use as much energy in the future as we do today.

I’m sorry, but that’s just nonsense.  A) there’s no reason, at least at this point, that we can’t use as much energy in the future as we do today, and B) perhaps that energy will come from a different source but not necessarily.  Unless, of course, these sorts of people have their way. More importantly though, politicians need to be kept strictly out of this business.

As we note often, this isn’t about energy or climate-related issues – it’s about control.

Make the warnings scary and dire enough and we’ll pitch control over to them.  See “war on terrorism” as a case study.

Meanwhile, in the back forty, a certain cow is still mooing the same old song:

Former Vice President Al Gore lamented today that scientists “will not let us link record-breaking” tornadoes in Oklahoma and elsewhere to climate change because of inadequate record keeping on the twisters.

“But when you put more energy into a system, it gets more energetic,” Gore said at an environmental event in Washington hosted by Sen. Sheldon Whitehouse.

Yeah, darn those scientists anyway. Oh, wait, I thought all his stuff was from scientists.  No?

As to that familiar tune?

“It is well-past time that we put a price on carbon and not just accept the price that it extracts from us,” he said.

He noted that some officials won’t pay for tornado shelters in public schools. But “if we’re having arguments about how to pay to recover” from storms, he said, that’s one more reason to fix the climate change that is leading to stronger storms.

Even if the “price” can’t be supported by science.

Got it.