In, What Mattered in Energy Innovation This Year, MIT Technology Review assures us that we are living through twin surpluses of fossil fuel energy, brought about by our own resourcefulness:
Although renewable energy made impressive advances this year, its impact has been dwarfed by the changes caused by the surplus of cheap, abundant natural gas made possible by hydrofracturing—fracking—of shale deposits. It will also be hard for renewables to equal the impact of shale gas in the coming years.
Similar drilling technology has led to a surge of oil production in the United States that could have it rivaling the production of oil in Saudi Arabia. It’s led to credible estimates that within a couple of decades—with the help of rigorous fuel economy standards—North America could produce as much energy as it consumes.
In 2006, Dr Kenneth Deffeyes spoke at a Peak Oil conference sponsored by Rep Roscoe Bartlett…
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