why-peak-oil-predictions-haven-t-come-true-1411937788?mobile=y

10/21/2014

This article from The Wall Street Journal discusses why peak oil predictions have not come true as expected. It examines how advancements in technology, such as hydraulic fracturing (fracking), have increased oil production and extended the lifespan of oil reserves. The article explains that peak oil theorists failed to account for technological advancements and the ability to extract previously unreachable oil reserves. It also explores how the shift towards renewable energy sources and increased efficiency in transportation have impacted oil consumption. Overall, the article highlights how various factors have contributed to the delay of peak oil and the decline in its relevance as a prediction.

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