The latest target of the unconventional oil craze is California hydraulic fracturing (fracking) the Monterey Shale in the central and southern parts of the state. With wildly optimistic predictions of an economic bonanza, the oil is carbon-intensive, requires massive amounts of fresh water, creates industrial pollution and seismic risk, and is impossible to regulate effectively because of significant scientific unknowns.
Tag: Post Carbon Institute
Coming Disaster: Peak Oil and Climate Change
Peak Oil is the point at which petroleum production reaches its greatest rate just before going into perpetual decline. In “Peak Oil and a Changing Climate,” a new video series from The Nation and On The Earth productions, radio host Thom Hartmann explains that the world will reach peak oil within the next year if it hasn’t already. As a nation, the United States reached peak oil in 1974, after which it became a net oil importer.