Oil Prices and the Media: Why the Blackout on Peak Oil

Every once in a while history reaches a point of real cognitive dissonance.

I’m beginning to wonder if we are such a point right now. I’m referring to the astounding rise in the price of oil over the last couple of years, the concept of ‘peak oil,’ and the strange silence surrounding that concept in the media.


…If the peak oil folks are correct — and I’m not saying they are, but their predictions seem to be coming to pass, so they deserve a decent hearing in the world media — it constitutes a story of immense importance.

The world runs on oil. The prosperity of the middle classes of the industrialized world was built on it. So was the green revolution that allowed world population to increase from two billion to six and a half billion. So was globalization, which allows the flow of goods from everywhere to everywhere on a magic carpet of cheap oil. So was air travel and mass tourism. The list goes on and on.

Huffington Post