We are all peakists now -- Schlesinger

Discussion in 'Economics' started by Pekelo, Sep 19, 2007.

  1. Pekelo



    "Former US Energy Secretary Dr James Schlesinger today claimed that the intellectual arguments over peak oil had been won, and that in effect ‘we are all peakists now’. In the keynote speech at the first day of an oil depletion conference hosted by the Association for the Study of Peak Oil in Cork, Schlesinger said that oil industry executives now privately concede that the world faces an imminent oil production peak, and argued that a recent report by the US oil industry grouping the National Petroleum Council constituted “a backdoor admission that in the next decade or two we face a moment of truth”. In a wide-ranging interview with Lastoilshock.com, Dr Schlesinger - who was also Defence Secretary and CIA Director - explains why he thinks “the battle is over, the peakists have won”, and discusses the delusions of US energy policy, Iraq, Iran and $100 oil."