Posted by Big Gav in peak oil
Grist notes that Spanish oil company Repsol just announced that it has made the largest onshore oil discovery in the United States in 30 years - a find of 1.2 billion barrels beneath Alaska’s North Slope - PEAK FOILED.
If there’s anyone still waiting for peak oil to save us from climate change, get over it. People just keep getting better at finding crude. If anything can get us out of this mess, it won’t be a scarcity of fossil fuels but an abundance of creativity. The same innovative capacity that allows humans to keep expanding the amount of oil that can be pumped out of the earth can also create laws to stop the flow and cleaner technologies to use instead.