CLINTON ON PEAKING

From Energy Bulletin:
Published on 13 Jul 2006 by Energy Bulletin. Archived on 13 Jul 2006.



Clinton: not briefed on peak oil

Transcribed excerpts...Former President Bill Clinton...spoke on July 7 with "The Atlantic Monthly's" James Fallows.

-To the best of my knowledge I never had a security briefing which said what some of these very serious but conservative petroleum geologists say, which is they think that either now or before the decade is out that we'll reach peak oil production globally and with the rise of China and India and others coming along unless we can dramatically reduce our oil usage we will run out of recoverable oil within 35 to 50 years.

-And that would mean in addition to climate change we have a very short time in the life of the planet to turn this around. So I think that we all need to start ... thinking about that. As we propose practical solutions to climate change, we all need to keep this in the back of our minds.

-There's a good chance that these people who made a living all these years studying petroleum deposits know what they're talking about, and we may not have as much oil as we think. So we need to get in gear...

I agree.