oil: scarcity or scare-mongering?
How much can economics change the dynamics of the “peak oil” debate? Raymond Learsy (author of Over a Barrel: Breaking the Middle East Oil Cartel) has penned an overview of the situation (“Oil Is Not Scarce”) for HuffPo. He talks about tar sands, oil shale, offshore drilling, and how technology can recover oil that was previously unavailable.
Time will tell if this is the era of “peak oil,” or simply more profiteering.