What is Peak oil?
"The term Peak Oil refers to the maximum rate of the production of oil in any area under consideration, recognising that it is a finite natural resource, subject to depletion."
--Colin Campbell
Fracking and BBC Radio 4
Submitted by Kjell Aleklett on Tue, 2013-01-08 23:30.
A moment ago I was contacted by Simon Tulett, Business Broadcast Journalist, at BBC Radio 4. He wants me to participate in tomorrow's "Today" programme that is broadcast from 7 AM Swedish time (6 am G.T.). The theme will be "has shale gas/fracking ended the peak oil debate?" Someone from Citigroup who asserts that ”Shale oil fracking has killed Peak Oil” will also be participating in the debate. It is interesting that in recent days I have been working on a newspaper debate article on "fracking" and earlier I wrote in my blog that, The “fracking bubble” of oil optimism that is currently being inflated by the oil industry will soon “fracture”.
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