Slouching toward sustainability

Earlier this week the Cambridge Research Energy Association (CERA) and its high priest Daniel Yergin put out a press release taking Peak Oil theory and its believers to task. In a nutshell, CERA believes that technology will save the day . . . that it will find oil where it can’t be found today, and produce oil that can’t be produced today. And all at a rate that we haven’t seen for decades! Essentially, they see technology magically producing exactly as much oil as our economic projections require.
This exemplifies why trying to understand the global energy situation is so difficult. Not only is there a vast amount of industry propaganda and deliberate misinformation being foisted on the public, but there is also a dearth of reliable data about actual supplies. We are beginning to learn about the major aspects of this tangled web-peak oil, climate change, resource overuse, environmental destruction, terrorism – but few people are able to view them all at once, as a coherent whole. And this is our tragic flaw.

Haleakala Times