In my November 2007 column, Peak Oil Again? , when oil prices had reached $100 per barrel, I concluded, “Some day peak oil production will be reached, but most oil reserve estimates suggest that there are good reasons to doubt that that day is now at hand.” And that was before fracking and horizontal drilling had unleashed the shale oil revolution. A quick Google check of the news finds that the more prominent peak oilers – Colin Campbell, Jean Laherrère, Kenneth Deffeyes, Daniel Goodstein – are maintaining a decorous silence as the price of crude sinks below $28 per barrel. After all, the International Energy Agency just warned that the world is “drowning” in oil . So no Jeremiads about the impending end of an oil-starved industrial civilization are appearing in the media. Nor, sadly, do many journalists seem interested in probing why the peakists’ widely touted dire forecasts […]