Technology has allowed the industry to cut the cost of production, increase the volume of fossil fuels captured, reduce environmental impacts and reach previously inaccessible deposits of oil and natural gas.Read it at Peak Oil
Global reserves of oil and natural gas have grown 130 percent since 1980 and more than 30 percent since 2000...
Technology can unlock new fields, curb fears of peak oil
Not so sure that this it good news, given the negative externalities that are not priced it, i.e. socialized.