Wow - it doesn’t get much dumber than this article on CNN.  I know its risky to be on any side that is saying “This time its different”, as nearly everything is cyclical.  But cyclical and exponential trends can’t mix forever.  What people continue to not understand is that the problems of Peak Oil are not about remaining quantities remaining (either conventional or unconventional).  It is a problem of production (rate) and the quality of that production (light sweet vs heavy sour).

This morning as oil hit a new all time high, Shell’s chief strategist all but spelled out Peak Oil, albeit somewhat indirectly.

Referring to a ‘plateau of readily accessible conventional liquid oil’ or some other euphemism for: “we’re not going to have enough oil to meet demand”.  Those who know me, know that I’m a pretty staunch believer in the concept and reality of Peak Oil.  Severity and timing can be debated, but no longer is there much wiggle room about its eventuality.