Geophysical advances have contributed to the identification of a "relatively boundless supply" of oil and gas worldwide, Barry Smitherman, chairman, Texas Railroad Commission (RRC), told the Society of Exploration Geophysicists annual meeting Sept. 23.In fact, the web site of the Association for the Study of Peak Oil and Gas, peakoil.net seems a bit - uh- musty. On the other hand, peakoil.com seems alive and well to me. Mostly wrongheaded, but alive.
So much oil and gas have been located in unconventional formations worldwide that the so-called “Peak Oil” web site has shut down, Smitherman noted.
I hope that Mr. Smitherman is right about that "relatively boundless" thing. Or right enough that we have time to perfect other energy sources.
UPDATE: Interesting financial (read "investment") thoughts from The Motley Fool America's Peak Oil Plan in Two Charts, increase (or hold steady) production, incentivize reductions in consumption and work on practical alternatives.
And, no, providing bicycles for every one in Houston will not work as a practical alternative.