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Peak oil has peaked

Tuesday, 23 July, 2013

For those ideologues camouflaged as journalists, Edward Snowden is the new global warming and the reincarnation of Hugo Chavez all rolled into one. When the old chestnuts of the left begin to lose their credibility, along comes the latest scam artist and the likes of Der Spiegel and The Guardian would have us believe that he’s a hero, not a traitor.

In time, Snowden will join the lots of other tropes in the dustbin of history. The latest addition is what was termed “peak oil”, which was supposed to be the point in time when the maximum rate of petroleum extraction would be reached, after which the rate of production would enter terminal decline. But now comes the news that The Oil Drum, a site created by believers in “peak oil,” is shutting down on 31 July after an eight-year innings. With daily news of record-breaking US oil production, it was, clearly, impossible to maintain the fiction that the world’s oil production was peaking.

Drill, baby, drill!

The dustbin of history is very commodious.


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