This short film from the Post Carbon Insitute addresses the false assertion that peak oil is a thing of the past due to innovations in fuel extraction in unconvential areas. Like, um, tar sands. Meanwhile, oil companies tell us "don't worry, drive on." What the frack does that mean?

PCI Senior Fellow Richard Heinberg asks in this clip, what's really new here? "What's new is high oil prices and … the economy hates high oil prices."

From the PCI blog: We can fall for the oil industry hype and keep ourselves chained to a resource that's depleting and comes with ever increasing economic and environmental costs, or we can recognize that the days of cheap and abundant oil (not to mention coal and natural gas) are over.

Unfortunately, the mainstream media and politicians on both sides of the aisle are parroting the hype, claiming — in Obama's case — that unconventional oil can play a key role in an "all of the above" energy strategy and — in Romney's — that increased production of tight oil and tar sands can make North America energy independent by the end of his second term.

Video after the jump.

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