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Peak Oil is You


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Page added on April 24, 2010

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Peak oil predictions

Geology

As former Shell CEO Jeroen van der Veer has said several times, the era of “easy oil” is over. This means that the bulk of the oil that is left to exploit is to be found in the tar sands and in ultra-deep water and other marginal resources, such as the Arctic. All of these resources are very expensive to produce, require long lead-in times to bring on-stream and, in many cases, have controversial environmental and social impacts that will cost more to ameliorate.

guardian.co.uk



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