London Times Attacks Peak Oil ‘Myth’
May 9th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsIt’s a peak oil ‘myth’ that we’re running out of oil, according to the London Times.
The article, titled “It’s a myth that the world’s oil is running out,” is written by Irwin Stelzer, a director of economic policy studies at US think tank the Hudson Institute, and raises interesting questions about peak oil theory.
Stelzer insists that although what he calls the peak oil myth is pervasive, it’s ultimately untrue.