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FUTURE ENERGIES?Peak Oil? is Nonsense? Because There?s Enough Gas to Last 250 Years.By Chris RhodesBy confusing a reserve and a resource, and ignoring the energy requirements for extracting unconventional gas and oil, e.g. through hydraulic fracturing (fracking) and retorting oil shale, the mistaken view has emerged that peak oil will not happen, or not for many decades. Quite simply, once the ceiling of conventional crude oil production is reached and the inevitable decline in its supply occurs, an ever greater quantity of unconventional oil will be needed to make up for it. So long as the consequent and deepening hole in the output of crude oil can be filled from alternative,... Read more
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