 | World Energy to 2050: A Half Century of Decline | The Oil Drum | Peak oil: BP, Conoco CEOs say it's here - also IEA's Fatih Birol really freaks out |  |
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Saturday night ABC was televising Ok State vs. Kansas football and had Boone Pickens in the booth for a short time in the 2nd half [Musburger & Herbstriet (sp)]. Boone has given $250 million to OSU to remodel the football stadium (Pickens Stadium) and other on campus sporting facilities. Musburger said "I am sorry that this is off topic, but let's talk about Peak Oil for a momement. Is this real?" Boone said, "Absolutely. The world is producing 85 million bbls/day and demand is 88 million bbls/day. I do not think it can go over 85 million, so the price will have to keep going up until demand falls."
Quoted material is best of my recollection. But, I would say that the concept is now into the MSM. What it means as a disruptive force is not understood at all yet.
There's a lot of discussion of this in yesterday's DrumBeat.