Well, it looks like we're here. Take a good look around. This is how it feels at the top. Pretty good, eh? Yeah. Well, buckle in, because, sugar, we're going down.
The exceptionally non-alarmist, non-envrionmentally focused, non-entertaining FT has a hell of an interesting article.
They seem to be saying, in startlingly poetic language, that we're at peak oil.
"All the world’s extra oil supply is likely to come from expensive and environmentally damaging unconventional sources within 15 years, according to a detailed study.
“Worse, it takes vast quantities of scarce and valuable potable water and natural gas to turn unusable oil into heavy low-quality oil.”
“In a sense, this exercise is like turning gold into lead,” Mr Simmons said." LINK
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