Peak Oil Still Isn’t Real, You Guys

And despite all the Malthusian nonsense, we’ve still got plenty of oil and natural gas, reports the National Journal‘s Amy Harder.

The United States has double the amount of oil and three times the amount of natural gas than previously thought, stored deep under the states of North Dakota, South Dakota, and Montana, according to new data the Obama administration released Tuesday.

In announcing the new data in a conference call, Interior Secretary Sally Jewell also said the administration will release within weeks draft rules to regulate hydraulic fracturing, technology that has come under scrutiny for its environmental impact but that is essential to developing all of this energy.

“These world-class formations contain even more energy-resource potential than previously understood, which is important information as we continue to reduce our nation’s dependence on foreign sources of oil,” Jewell said in a statement.

7 Comments on "Peak Oil Still Isn’t Real, You Guys"

Stephen on Wed, 1st May 2013 7:22 am 



The question is, did they factor in extraction rates and the EROEI of extracting what is left?

BillT on Wed, 1st May 2013 7:25 am 



Stephen, of course not! That would require thought and would disprove the propaganda they are pushing. Not even a mention about the cost of extraction or whether the consumer could afford to pay the price…lol.

Ed on Wed, 1st May 2013 10:35 am 



Why are they so stupid?

moli on Wed, 1st May 2013 10:52 am 



its posted in the daily beast. . an arrogance driven satanic paper throwing red herrings everywhere and winding up peakoilers who feel they have been chosen just cos they have more insight in regard to this world than the average pleb

Cloud9 on Wed, 1st May 2013 10:53 am 



They need the people in denial to keep supporting their investment schemes. Just another snake oil salesmen selling hope and scams.

meemoe_uk on Wed, 1st May 2013 12:46 pm 



“its posted in the daily beast.”
riiiiiiight… so take the most prestigious science paper ever written, publish it in the most prestigious journals ever, then get a not so prestigious news agency to link to the story, and by your logic that invalidates the paper. Typical peakoiler BS logic.

keith on Wed, 1st May 2013 1:08 pm 



Question: What will be the daily flow rates of these sources of energy? If supply can’t meet demand, isn’t that peak oil? Where’s the climate change factor? Doesn’t count, I suppose. To get things rolling we need to spend on investment for extraction, infrastructure, and transport. Accurate Science depends on correct data. Is the data correct. It’s a peer review paper using data collected by other groups, corporations, etc. Nothing to right home about here.