June 14, 2006

June 14, 2006: Doomsday can wait ...

Peak Oil groupies, free of scientific and economic constraints, see demand growing independent of human ingenuity and market forces Vaclav Smil, Financial Post, June 14, 2006

Vaclav Smil is distinguished professor at the University of Manitoba in Winnipeg, and the author of Energy at the Crossroads.

[....] there is an unfortunate absence of rigorous international standards in reporting oil reserves and many official totals have been politically motivated[....]

Unless we believe, preposterously, that human inventiveness and adaptability will cease the year the world reaches the peak annual output of conventional crude oil, we should see that milestone (whenever it comes) as a challenging opportunity rather than as a reason for cult-like worries and paralyzing concerns.


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