A boom in oil production has made a mockery of earlier peak oil predictions, says George Monbiot, in a recent column in the Guardian newspaper in July 2012. That's good news for capitalists, he says, but a disaster for humanity.
"There's enough oil in the ground to deep-fry all of us, and no obvious means to prevail on governments or industry to leave it in the ground. 20 years of moral persusasion efforts have failed."
"I don't like raising problems when I cannot see a solution. However, right now, I am not sure I can look my children in the eyes."