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where are the peak oil debunkers?

where are all the Peak oil Debunkers now that oil has topped $100 a barrel,

I live in texas and the oil industry here is experiencing a boom because they know that the ME is running out..

the problem is they are reopening these wells fracking them and then being forced to shut them down in a couple of months because they are dry again... the fracking is just letting them get the last few drops outta the ground!!

they say gas will be $5 a gallon by the end of the year.. if that isn't supply and demand proving peak oil I don't know what is!!

Update:

I have many friends in the oil industry here in TX.. they have been moving around a lot because of this phenomenon..

everyone is talking about these new supplies that are found and say that we have enough oil to last forever, but the price keeps going up..

5 Answers

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  • ?
    Lv 6
    1 decade ago
    Favorite Answer

    here is enough oil in the destin dome to supply america for 20 years. the epa put this shallow water oil off limits. i remember the 70s. houston lost millions of jobs with the stroke of jimmy carters pen.

  • Beery
    Lv 7
    1 decade ago

    As you can see from a couple of answers here, many people are in denial. The US is 40 years past its peak, yet some still refuse to believe peak oil has happened, simply because oil is still coming out of the ground. Newsflash folks: oil will be coming out of the ground in five decades and may even be extractable in five centuries, but that doesn't mean peak oil hasn't happened.

    In answer to your question, the peak oil debunkers are becoming a rare breed. But there are still some of them about. Usually you can find them extolling the virtues of shale oil and tar sands, or claiming that new technologies will come to our rescue.

  • Anonymous
    1 decade ago

    People tend to fail in realizing that the peak - isn't so much the amount of oil remaining in the ground, but the RATE at which you can get it out and to market - and the increasing economic cost of doing such budd.

  • Anonymous
    1 decade ago

    Uh...my son happens to work the oil fields. He and his crew service 40-50 wells. In Texas. We're far from "peak oil".

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  • 1 decade ago

    i cant wait for peak oil!

    maybe people will stop driving around all the time and there will be less traffic.

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