The UK Telegraph has published an opinion piece by its commodities editor Andrew Critchlow in which he alleges that Shell Corporation’s Arctic oil exploration marks the beginning of peak oil that will be seen over the next decade. In his essay, Mr. Critchlow alleges that the region is one of the few areas of the world where oil can be removed with little geo-political risk. However, what he leaves out is places like Wyoming’s Green River Formation that has over 1.5 trillion barrels of oil sealed in shale deposits and the Canadian oil tar sands in which both sources could supply the world’s oil needs for hundreds of years. People like Mr. Critchlow have been making similar predictions for hundreds of years and, while his hypothesis is plausible, it is altogether impossible. The below video with journalist John Stossel explains.