India’s oil demand has grown faster than China’s so far this year, highlighting slowing energy demand in the world’s most populous country and fueling expectations that India may pick up the slack over the medium-to-long term. 482 more words
Tags » Peak Oil
“It’s not that we’re running out of oil – it’s that the oil we want now comes at a high cost. There may be lots of oil left in the world but if we can’t afford it then its no damn use.” – Chris Skrebowski, director of Peak Oil Consulting.
‘If the article is right and techniques such as fracking mean that “it’s time to forget about peak oil” then do you agree with the final assertion that this “can only be a good thing”?
On one level fracking, the extracting of oil and gas from rocks using water, chemicals and sand under high pressure, can be seen as a process that will solve the problem of the dreaded peak oil world. 409 more words