144 comments on DrumBeat: March 8, 2007
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144 comments on DrumBeat: March 8, 2007
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Daniel Yergin is starting to remind me of Dick Cheney--Peak Oil is in its last throes and all. Interesting that a massive increase in reserves due to "new technology" is not merely theoretical, whereas Peak Oil is. Never mind that oil-producing regions are peaking one by one.
And since supply problems will be blamed on the lack of (private) corporate involvement, it's not much of a stretch to predict that GWB will offer Mexico military assistance in exchange for letting US Oil Interests "help" them with their production problems.
Convienently, there could be other ways of blaming loss of supply as well, such as a war with Iran. It's not peak oil, it's those pesky Axis of Evil-doers causing the problem...we should bomb them. Or something, like that...
I don't think in 2007Q4, we will see Bush, or any other major leader for that matter, stand up and say..."that's it, the party is over, we have passed peak oil...please stop using your cars...and file to the exit."
So, the first scenario, becomes more disturbing.
===================
It's all about population!
He reminds me more of the Iraqi information officer who kept telling reporters in Baghdad that US soldiers were nowhere near the city and being defeated all over the country - as troops were entering.
Don't worry. There is plenty of oil.