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Post Carbon Institute in Atlantic article about endless energy

April 24, 2013

The Post Carbon Institute and shalebubble.org were referenced in this feature length article at The Atlantic on fossil fuels and energy transitions.

From the article:

Shale gas has its detractors. Far from being a game changer, Jean Laherrère told me, shale gas is a “Ponzi scheme” in which oil companies acquire largely fictional methane deposits to polish their balance sheets for Wall Street. A February study from the Post Carbon Institute, an anti-fossil-fuel think tank, dismissed shale gas as, at best, “a temporary reprieve from having to deal with the real problems”; the group’s general tenor is indicated by the special URL it set up for the report: shalebubble.org. But these views are not widely shared. Two days after I last spoke with Laherrère, the head of the U.S. Energy Information Administration told a congressional hearing that the additions to America’s energy reserves ballyhooed in the agency’s most recent report “were—by a large margin—the highest ever recorded since EIA began publishing proved reserve estimates in 1977.”

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