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We were always running out of oil too slowly for it not to be a climate problem as well a depletion problem.
This is clear from these data-based charts and modelled projections below - see rates of C&CHowever, the case made by George Monbiot in the Guardian [02 05 2012] is wrong.
The extent of the 'new discovery' he refers to will never take us back to an oil 'business-as-usual'.
The idea that exotics can fill that gap gap between finite supply and infinite demand may be the gap between the fevered dream of b-a-u optimists and the new fry-up night-mare of hyperbole-driven pessimists.
It is however hysteria dressed up as 'journalism'. We were always running out of oil too slowly for it not to be a climate problem as well a depletion problem. The gap is still there and worsening and points to a different conclusion - trial-by-conflict.
