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Published on Mar 2, 2011
In this tenth video in the series "Peak Oil and a Changing Climate" from The Nation and On The Earth Productions, petroleum geophysicist and author Jean Laherrère explains that we are in the current energy crisis not only because fuel is running out, but because it's cost is too cheap. Laherrère, a former TOTAL oil company employee, used his insider knowledge to co-author a game-changing 1998 article, "The End of Cheap Oil," which studied oil depletion based on the most accurate database of the world's oilfields at the time. The article's findings were not reassuring.