Tag: synthetic hydrocarbons
The idea that seized the imaginations of the bien pensant chattering classes in the Noughties – “Peak Oil” – is no longer relevant. So says the commodities team at Citigroup, and policy-makers would be wise to examine the trends they’ve identified.
“Peak Oil” is the point at which the production of conventional crude oil begins an irreversible decline. The effect of this, some say, is that scarcity-induced prices rises would require huge changes in modern industrial societies. For some, Peak … Read More
“Rely on the sun and the other eco-friendly things that Mother Earth has given us. We need to stop being dependent on the corrupting effect that is oil now!”
– HuffPost Super User “ProgressivePicon86”
The next energy revolution is coming – and promises the biggest disruption since the industrial revolution.
Today we assume that oil is a finite resource. The “Peak Oil” argument, for example, is not that it runs out, but that conventional sources run down, and it becomes … Read More