Yeah, you goofball pffffarters ... whatever happened to all that stupidity you used to spew about U.S. oil reserves dwindling away to nothing, eh? Oh ... right ... you Chicken Littles got proven wrong for the millionth time, so you moved on to bloviating about some other manufactured stupidity of yours.
Media "retreats" from doomsday theory as U.S. production spikes
http://freebeacon.com/blog/whatever-happened-peak-oil/
"From the steps of the Supreme Court to the White House press room, from global trading exchanges to the snowy reaches of Alaska - over the last week, you could hear the creak of history as it began to pivot in a half-dozen locales," an editorial in the New York Times read.
"The Age of Oil is at an end. Maybe not this year. Maybe not for five years. But signs of the coming collapse are evident."
The article, with the stark headline, "Oil's End," ran in March 2008.
Ten years later, we're still waiting for that "coming collapse."
In fact, this week we learned the U.S. topped 10 million barrels a day in oil production in November, a level not reached since 1970. We hit that mark four months ahead of schedule, largely on the back of the shale industry, "once dismissed" by global oil exporters.
For years we heard about "peak oil," the theory of hitting a maximum amount of oil production and waiting for it to run out, none louder than in the pages of the New York Times and the Washington Post.
Paul Krugman {Serious contender for the title of "Biggest Loud-Mouthed Moron on the Planet" ... he has strong competition from the likes of Michael Moore, Bill Maher, Rob "Meathead" Reiner, and oldCADuser. - B.} told us we were "running out of planet to exploit" in 2008, warning, "this time may be different."
By September 2010, the Times green blog was circulating a study projecting the world would hit peak oil that year, leading to a "dire global economic crisis" by 2025 as a "result of a peak and an irreversible decline in world oil supplies."
By November: "Peak oil is not just here - it's behind us already."
Quoting from the International Energy Agency, the Times blog reported that crude oil production "probably topped out for good in 2006, at about 70 million barrels a day."
Of course by 2016, the IEA reported world production of 96 million barrels of oil per day, or 35 billion barrels a year. ...
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