An awe-inspiring takedown of a sloppy story on the death of peak oil.
Alan Kohler, who is known for his excellent financial graphs on the ABC TV (Australia) 7 pm News came out with an opinion piece on peak oil which does not display the level of research expected from him. Almost no statement in his article can be supported by statistical evidence. No numbers are shown to prove that shale oil can compensate for oil decline in maturing oil fields around the world.
What’s worse, the fight over oil in and between Middle East and North Africa (MENA) countries due to peaking in key countries is completely forgotten. The EIA estimates that despite increasing unconventional oil production the dependency on OPEC oil will not be reduced. Reserves and resources are mixed up and those vast gas reserves are neither used to replace coal nor oil (as transport fuel). The CO2 from an assumed unconventional oil and gas boom will cook us alive.
The problem with such articles is that they contribute to further delay the real transformation away from oil (and fossil fuels in general) which can only be done by massive rail projects and preserving oil where it will be needed most: in agricultural production and transport of food to the cities.