http://www.newsroomamerica.com/story/20193.htmlIf we were ever in doubt that the world is running out of oil and so-called Peak Oil has arrived then the BP oil disaster should put that to rest, and despite the horror unfolding in the Gulf of Mexico we should get used to the idea of deepwater oil drilling because that is what will keep our cars running for a bit longer.
Or should we get used to that idea?
The Deepwater Horizon oil rig and others like it are perhaps the best illustration so far that the days of drilling a hole in the ground in Texas, inserting a pipe and watching oil gush out are long gone.
The Peak Oil theory relies on common sense to suggest global oil reserves are non-renewable and will therefore eventually run out, with suggestions the supply has already peaked or is close to it and we are now on the down curve.
The flow of oil won't just suddenly stop however, because oil companies such as BP are using more extreme, risky and expensive methods to extract oil and meet the still growing demand, with the Deepwater Horizon being a prime example.