HUBBERTS PEAK

31 July 2009

I was talking to a farmer as he delivered his boutique organic vegetables to Angelika’s (my favorite restaurant), telling him about my tar sands trip to which he remarked that the tar sands completely blasted Hubberts peak, the concept we hoped would save the planet, out of the water. For those who don’t know it, the theory is one about the diminishing discovery, followed by production and thus scarcity of oil and the corresponding price increase and drop in consumption. Devout readers of this tome know that the tar sands extraction process is environmentally devastating on many levels, and on my recent trip I discovered that it’s profitable at about $50 a barrel (according to my source). And there is a lot of it up there under the Albertan Boreal Forest.