The Wall Street Journal re-examines the doomsday scenarios of Peak Oil now that fracking has pushed oil production to record levels.
A surprising thing happened on the way to peak oil, according to Russell Gold: "U.S. oil production did peak in the 1970s and sank for decades after, exactly as the theory predicted. But then it did something the theory didn't predict: It started rising again in 2009, and hasn't stopped, thanks to a leap forward in oil-field technology."
Gold cites "a growing tide of oil-industry experts" who think that "[we're] limited not by the amount of oil in the ground, but by how inventive we are about reaching new sources of fuel and how much we're willing to pay to get at it."
Gold goes on to detail the history of the concept of peak oil, which originated with M. King Hubbert, a geologist with Shell Oil, and to forecast the future, which includes the possibility of a post-oil market that never reaches peak oil.
FULL STORY: Why Peak-Oil Predictions Haven't Come True
Peak Oil? 'Far Too Much' Oil to Prevent Severe Climate Change
Confirming an earlier Dept. of Energy report, the International Energy Agency's World Energy Outlook indicates not only that U.S. oil production will surpass Saudi Arabia's by 2020, but that it will be a net exporter by 2030 - thanks to fracking.
West Texas Drilling Boom Bodes Ill for Residents, the Planet
Driven by foreign demand, a surge in West Texas oil production is having adverse effects on the local populace, and contributes to climate change at a crucial moment.
Fracking Opponents Charge Gov. Jerry Brown with Environmental Hypocrisy
The California governor, known for his outspoken climate advocacy, signed the nation's toughest fracking regulation bill in 2013. His response to those who want to ban fracking is that priority must be on reducing oil consumption.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
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Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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