demand has outstripped supply

Peak Oil is Here, but don’t worry, there is still plenty of oil, we just can’t afford it (Video)

Peak Oil

Peak oil is here, there is no doubt about it. But the industry (and our politicians) say there is plenty of fossil fuels still, termed “UN-conventional oil”, or “UN-conventional fossil fuels”. So what does that mean exactly. Well UN-conventional oil is simply oil and gas reserves that we extract using UN-conventional methods from UN-conventional sources, such […]