When Oilmen Turn Sour on Crude

Has global-warming-think sunk in this deeply? Have climate fears finally saturated our country to the point that even Houstonians are mobilizing? When one recovers from the remarkable fact that a campaign to fight global warming has infiltrated Energy City, the rebounding tremor comes quickly with the realization that the movement isn’t an aberration. It’s actually growing.

A central plank of the movement involves “Peak Oil,” the belief that world oil supplies, as a finite resource, have a “peak” point the world’s production capacity will never exceed. The peak could come suddenly, with terrible energy upsets shocking the market on the way down, or it could be drawn out for decades, providing an easier buffer period for the world’s petroleumbased economies.

zwire