The Latest Oil Glut: Once Bitten, Twice Shy
January 30, 2015
It comes as little surprise that the author of a book entitled Snake Oil: How Fracking’s False Promise of Plenty Imperils Our Future is a critic of the natural gas industry and a proponent of peak oil theory. With the recent plunge in oil prices, it feels like the right time to check back in with Richard Heinberg of the Post-Carbon Institute and get his perspective on how plunging oil prices will affect the energy and transportation industries. Heinberg and host Alex Wise discuss the impact of cheap oil on the North American natural gas boom, how it may alter consumer behavior in the near term, and the need for sound policy to guide us through the long-term challenge of living in a post-carbon world.