In this volatile land of exploding oil & gas recovery, a new truth seeks out a blame. The reality of Peak Oil, trumpeted as the gas station marquees (before the experts even had time to line up over Hubbert’s equation), appears to be settling over us like smothering tenor.
First we attacked biofuels. Then the gas-price spike was prosperity’s child. Rarely do we hear anyone lamenting our own short-sightedness, the fact that for 40 years we collectively lambasted those who dared criticized our gluttonous domestic energy practices.
Now we are forced to reckon.