Monday, 2 December 2013

PEAK OIL STILL FAR OFF AS SHALE REVOLUTION MARCHES ON

Here is an interesting article from Matt Ridley describing the amazing new oil and gas reserves being taped using fracking of shale rock. Those who claim that we will see a steep rise in gas and oil prices must ignore the evidence in Matt Ridley's piece. We must hope Matt is right.

Alternatively Here is another slightly less optimistic view. What needs to be considered is, just how much new science and technology will change the future prediction - the unknown unknowns. 

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