Editorial comment ///
There hasn’t been a discussion of the peak oil theory in these pages for a few years. I don’t necessarily want to go there, but I see that The New York Times columnist Paul Krugman is already reaching for the panic button with his column “Running out of planet to exploit” on April 21. From my perspective, however, I see the oil and gas industry continuing to discover giant oil fields and immense gas and liquids plays. There remains a diverse array of resources around the world that we have opportunity to explore and develop over decades to come.
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