On an issue fraught with the potential for so much societal disruption as peak oil presents (like its kin, climate change), and the reality--the necessity--of expansive government involvement in both guiding adaptation and assisting citizens suffering most from the consequences, it should come as no surprise at all that we have a dedicated cottage industry working double-time to dispute any concerns that the rate of oil production has peaked (or at least leveled off for about a decade).
When we max out on what can be produced, and demand continues apace--if not increasing--then smaller supply for greater demand creates a math problem most third-graders can figure out. But when a great deal of profit is at stake, coupled with the future viability of a once-great, leading industry and the reality that the great free market god does not have answers, then the disinformation campaign revs its engines for a full-speed-ahead assault on the facts.
Sound familiar? Tobacco companies? Climate change? Republican tax and economic policy? The fight against same-sex marriage? The playbook is the same. It works, of course, although it's important to note that tactics don't allow for much integrity or full, honest disclosure of facts to the general public. Doing so would make it quite obvious that opposition and denial rests on foundations of pseudo-facts just as sturdy as a large pile of cotton candy.
A fact tossed about in recent weeks without explanation or context (amazing how much those attributes can restore reality to an otherwise irrational bit of nonsense!) is how much U.S. oil production has increased in just a few short years. The truth: it has!
That's wonderful ... at least up to the point where those statistics are then contrasted with the actual, fact-based peak in production more than four decades ago. Add in the realities of greater expense; increasing energy expenditures; the need to maintain high prices; high decline rates from the newer sources which in turn require ever-more and ever-more-costly drilling just to keep up; depletion of conventional crude oil fields relied upon for decades; environmental degradation, together with an assortment of other facts, and pretty soon the story told is not quite as charming.
evworld