Peak Oil

Peak Oil, remember that? Back in 2008 we interviewed Robert Rapier, a respected analyst in the energy business. It's interesting to look back and see what has - and hasn't changed since then. Oil is as dirty a source of CO2 as it ever was. Or arguably, it's dirtier now because it requires ever more energy to extract as easier sources are depleted. Fears of Peak Oil have largely faded as unconventional reserves are exploited, especially in the USA. But, the day must come when oil declines. In a recent blog post, Robert Rapier refers to US shale oil: "depletion of the best drilling locations, and too many wells drilled too close together for the slowdown."