Wall Street Journal embraces peak oil denialism

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from Grist:



Wall Street Journal embraces peak oil denialism

by Christopher Mims
19 Sep 2011 11:10 AM


Daniel Yergin is to peak oil and limits to growth what Richard Lindzen, Anthony Watts, Christopher Monckton, the Heartland Institute and Exxon Mobil are to climate change. That is, Yergin's entire reason for being in the public eye is his rejection of the possible arrival of this calamity.

So of course it's perfectly logical that the Wall Street Journal, long a bastion of climate change denial, would give Yergin a stage on which to spew his unique brand of half-truths. The simple fact is that people who are invested in the status quo like hearing that everything is hunky dory and that nothing out there will ever threaten their privilege, so there will always be an audience for the Yergins of the world.

Despite all evidence to the contrary -- namely, that world supplies of oil have not budged for some time even as prices have skyrocketed -- Yergin argues in Saturday’s Wall Street Journal that more and more oil will be available until "perhaps sometime around midcentury" at which point supply will hit a "plateau." ..........(more)

The complete piece is at: http://www.grist.org/list/2011-09-19-wall-street-journal-embraces-peak-oil-denialism