Sunday, August 2, 2009

"The Indendent" (London) Warns about Peak Oil

Peak Oil is now, not a decade away as "The Independent" indicates. According to most independent sources, global oil production peaked in 2008. "The Independent" relies on the optimistic IEA for forecasts. But the IEA is NOT an independent agency, as it tends to speaks for global oil and industrial interests. But the IEA indicates that "the oil crisis begins to grip after 2010."

What are your local, state, and federal governments planning for? Chief Economist Fatih Birol at the International Energy Agency warns that “many governments appeared oblivious to the fact that the oil on which modern civilisation depends is running out far faster than previously predicted...” Birol sees a supply crunch within the next few years that will jeopardize hopes of an economic recovery.

The IEA is one reason that governments are oblivious. The IEA has been downplaying Peak Oil for years, and still is in saying that Peak Oil is 10 years away.

Global oil production peaked in 2008 and depletion is steeper than the "The Independent" indicates.


Anonymous said...

peak oil is the biggest myth known to man... seriously.

I follow the truth bearers over at once they open your eyes to what has been going on you jaw will hit the floor.

Clifford J. Wirth, Ph.D., Professor Emeritus, University of New Hampshire said...

Dear Anonymous,

Peak Oil is a fact of geology, as recognized my the National Academy of Sciences in 1980. Your source is not credible and you have no data nor credible argument here. Your method is called proof by assertion.