It’s symptomatic that in the last few weeks I’ve fielded a fair number of emails insisting that the peak oil theory—of course it’s not a theory at all; it’s a hard fact that the extraction of a finite oil supply in the ground will sooner or later reach a peak and begin to decline—has been rendered obsolete by the latest flurry of enthusiastic claims about shale oil and the like. Enthusiastic claims about the latest hot new oil prospect are hardly new, and indeed they’ve been central to cornucopian rhetoric since M. King Hubbert’s time. A decade ago, it was the Caspian Sea oilfields that were being invoked as supposedly conclusive evidence that a peak in global conventional petroleum production wouldn’t arrive in our lifetimes. Compare the grand claims made for the Caspian fields back then, and the trickle of production that actually resulted from those fields, and you get a useful reality check on the equally sweeping claims now being made for the Bakken shale, but that’s not a comparison many people want to make just now.
On the other side of the energy spectrum, those who insist that we can power some equivalent of our present industrial system on sun, wind, and other diffuse renewable sources have been equally vocal, and those of us who raise reasonable doubts about that insistence can count on being castigated as “doomers.” It’s probably not accidental that this particular chorus seems to go up in volume with every ethanol refinery or solar panel manufacturer that goes broke and every study showing that the numbers put forth to back some renewable energy scheme simply don’t add up. It’s no more likely to be accidental that the rhetoric surrounding the latest fashionable fossil fuel play heats up steadily as production at the world’s supergiant fields slides remorselessly down the curve of depletion. The point of such rhetoric, as I suggested in a post a while back, isn’t to deal with the realities of our situation; it’s to pretend that those realities don’t exist, so that the party can go on and the hard choices can be postponed just a little longer.
Thus our civilization has entered what John Kenneth Galbraith called “the twilight of illusion,” the point at which the end of a historical process would be clearly visible if everybody wasn’t so busy finding reasons to look somewhere else.
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