Read just a few pages of either of these:
twilight in the desert
Oil depletion
For those not acquainted with the energy industry, the short story is this:
- oil reserves are over-stated; don't read RedState.org - listen to the man who served on the energy task-force (no prizes for guessing why they didn't listen to him. Check his credentials here: Simmons and Co. Intl.. Notice that they have brokered several billions of $ in energy projects (see Notable Transactions
- "proven reserves" is a phrase you want to be very, very careful with. These are CEO's with millions of $ of bonus at stake who are using these words. The facts do not support.
- there is systematic over-stating of reserves at the global level (OPEC production quotas are based on a country's "reserves" as a fraction of total "global reserves". Seem like an unstable recipe doesn't it?)
- Matthew Simmons is one of the few lone voices in the wilderness; nobody is listening to him. If they do, they don't believe him.
After 15 years in the energy/oil/chemicals industry myself, I believe him.
What is coming is an energy-winter of proportions represented only in the movies. Economic devastation as a result of rocketing oil-prices. For the economists, consider the effect of $200/barrel oil.
Don't rush in : please look at your clothes, office, car, computer, lights .. . feel the airconditioning around you, and imagine the tractors, harvesters, combines associated with e food you ate today.
Look out your office window (home window?) and see the torrents of traffic
Vvisualize the oil behind these things.
I for one am very worried - sleepless most nights. I talk to people at work and try to make them see just how bad it is going to get; they don't quite get it though - most people cannot fathom just how easy and plentiful it is here in the US, and just what a long way down there is to go.
Browse the Simmons website and see if it doesn't put a chill in your spine.
Anyone wonder why there is an oil-control war going on in the middle-east?
Want more? See Research Reports
Does anyone believe this man and his company have anything to gain from spreading energy-fear? Possibly. Do you trust him less than you trust the GOP?