• 21st-century oil: Hard to find/hard to produce

    The era of cheap oil is over. Chris Rhodes, an expert on energy and environmental issues, explains why.
    Feb. 15, 2013

    UK energy expert, Chris Rhodes, sees no easy path to fulfilling oil demand. "The big, easy-to-find fields have been discovered and are now mostly depleted," he explains. Remaining reserves are thought to lie mostly under the sea rather than onshore, and new fields will be smaller than previous discoveries, situated in more difficult environments and where oil will be more challenging to produce.