Monday, May 30, 2005

ExxonMobil Sounds Silent Peak Oil Alarm

EV World , Taken from Bulletin of Atomic Scientists [May 29, 2005]

"No oil company, much less one with so much managerial, scientific, and engineering talent, has ever discussed peak oil production before."

" Conventional petroleum production will soon--perhaps in five years, ten at best--no longer be able to satisfy demand. For their part, American consumers would do well to take a cue from their Western European counterparts, who enjoy a comfortable lifestyle despite a per capita use of petroleum that is half of that in the United States."

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