Peak Oil! Peak Oil!

Remember how we were going to run out of oil and our world would collapse? And I said you shouldn’t count out technology? Oh, it is to laugh.

“The global energy chessboard is changing, and markets will be realigned. Countries that have never had so much available energy will become self-sufficient, and perhaps even exporters,” Luis Alberto Terrero, head of the Venezuelan Gas Processors Association (AVPG), told IPS.

As gas supplies grow, “fossil fuels may become cheaper, the growth of alternative energies will slow down, and new alliances, investments and trade networks will be established,” Terrero said.

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