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IMO, the ConocoPhillips CEO was the most rational--talking about the need to reduce demand in the US. He only talked about fuel efficiency, but I wonder if he privately might support a higher gas tax.
I have listened to and spoken with him in a small private group. He was also advocating fuel efficiency, and he was quite concerned that high oil prices would hurt the economy. I actually asked him about Peak Oil, and our need to prepare, but he didn't think it is imminent.
RR
BTW, there was a quick reference to an oil discovery "in the gulf" [presumably GoMex]at 32,000 ft!!! I repeat 32,000 feet. Reported 600 feet of pay. The only source I have for this was a very sceptical comment by George "Zapata George" Blake in an interview at about 1:50 of the third segment of this week's Fiancial Sense News Hour. Blake reported that he had talked to some of those involved and that "yes" it was oil at 32,000 feet. Blake stopped just short of dismissing the whole thing, but his punchline was after they drilled some offsets he was prepared to reconsider. Until then?
Have you heard anything about this "discovery"?
Well, he was speaking to small group of employees. My impression was that he did not believe peak oil was an imminent problem. I was asking specifically whether it might not be a good corporate strategy to pour my R&D into sustainable alternatives.
Have you heard anything about this "discovery"?
No.
RR