CERA

Daniel Yergin in the Wall Street Journal: Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road. This specter goes by the name of "peak oil." Its advocates argue that the world is fast approaching (or has already reached) a point of maximum oil output. They warn that "an unprecedented crisis is just over the horizon." The result, it is said, will be "…
I hope my readers will forgive me today for lapsing back into my prior profession rather than my present one as an energy and environmental writer. You see, before I gained fame and fortune writing about our ecological situation, I was a mild-mannered college teacher, whose favorite and most important job was teaching rhetoric to undergraduates. I am perhaps odd in observing that I thought that teaching writing was the most important thing I did. Most academics believe their primary subject matter is the central portion of their work, but I came to see that the place that I had the greatest…