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.
He writes:
"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."
He concludes:
"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."
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