01-26-2008, 04:54 AM
Peak Oil is on front page of today's Wall Street Journal / US News & World Report
Wall Street Journal: In a World Short Of Oil, Provisions Must Be Made
http://online.wsj.com/article/SB12012893...b_page_one
Shell Admits Cheap Oil Is Running Out
http://www.usnews.com/blogs/beyond-the-b...g-out.html
President Bush Questions Saudi Ability to Raise Oil Supply
http://www.prweb.com/releases/peak/oil/prweb635891.htm
In an ABC Nightline interview, President Bush recently said of Saudi Arabia, "If they don't have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do." According to TheOilDrum.com, this statement seems to indicate that George W. Bush, like many others, is skeptical of Saudi oil production claims. Forecasts of future world oil production by official organization like the IEA and the EIA assume OPEC can increase production by any desired amount; if OPEC's capability is limited, official production forecasts are optimistic because they are based on false assumptions.
Wall Street Journal: In a World Short Of Oil, Provisions Must Be Made
http://online.wsj.com/article/SB12012893...b_page_one
Shell Admits Cheap Oil Is Running Out
http://www.usnews.com/blogs/beyond-the-b...g-out.html
President Bush Questions Saudi Ability to Raise Oil Supply
http://www.prweb.com/releases/peak/oil/prweb635891.htm
In an ABC Nightline interview, President Bush recently said of Saudi Arabia, "If they don't have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do." According to TheOilDrum.com, this statement seems to indicate that George W. Bush, like many others, is skeptical of Saudi oil production claims. Forecasts of future world oil production by official organization like the IEA and the EIA assume OPEC can increase production by any desired amount; if OPEC's capability is limited, official production forecasts are optimistic because they are based on false assumptions.
Steve & Regina
Hawaiian Acres / North Lake Tahoe
'If you don't know where you're going, any road will get you there' - George Harrison
Hawaiian Acres / North Lake Tahoe
'If you don't know where you're going, any road will get you there' - George Harrison