Something strange and ominous is happening in the oil industry, and the “peak oil” debate, whether oil production has hit its peak, rages anew. There is still oil in the ground, but the cost of extracting it is increasingly prohibitive. Some ecologists had long argued for investment in renewable energy sources while energy profitability was still high, now they fear we must build “a bridge to the energy future, while the highway we’re on is crumbling beneath us.”
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