Quote:
Originally Posted by Rochard
I disagree. Figures on peak oil is based on data that is ten years old. Methods more commonly used today didn't factor into their data. Improvements in fracking has greatly improved in the past ten years and opened up entire new fields of oil. Then factor in that electric cars are becoming more common and the entire concept of worrying about peak oil will be pointless. Before we reach peak oil our oil usage will start to decline.
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Fracking involves using huge amounts of energy and potable water. It is much less efficient and has much smaller margins of utility when resource costs are taken into account. Same with biodiesel.