The slope of dysfunction

Perhaps you have heard of the Peak Oil theory? Most people have by now, even the people whose job used to involve denying the possibility that global crude oil production would peak any time soon. Now that everybody seems a bit more comfortable with the idea, perhaps it is time to reexamine it. Is the scenario Peak Oil theoreticians paint indeed realistic, or is it firmly grounded in wishful thinking?

A shale gas boom?

My sympathy lies with skeptics. As someone who has written extensively about peak oil, I’ve encountered the human proclivity to hype a situation far beyond any semblance to reality time and time again—the Jack #2 discovery in the Gulf of Mexico comes to mind. Nevertheless, I’m going to say the jury is still out on this one.