Re: [A-List] The Gathering Storm

[Adam F <adam@xxxxxxxxxxxxxxxxxx>]

Gary Santos wrote:

> It's been a year now since stories on Peak Oil came out. Over the past few
> months, the topic has been covered by major news publications. I find it
> strange given the ramifications of Peak Oil that the government has neither
> confirmed nor denied the veracity of the theory/findings. Can it be the
> ramifications on the financial markets? I find it strange also that the
> major news coverage has not sought out a position from the energy agency.
> This is definitely one for Holmes.
>
>  
The IEA/EIA official line is that peak will most likey occur around 
2037. But the studies which this are based on are so obviously flawed to 
anyone who takes a cursory glance (as best summarised by Werner Zittel 
et al. here: http://www.energybulletin.net/2544.html )

Colin Campbell (most prominent peak oil proponent) thinks the 
international energy agencies deserve praise for a job well done: "The 
International Energy Agency made a presentation at a conference on 
Energy Security in Dublin on February 10th stating that oil resources 
were near limitless, with production being simply a matter of 
investment, technology and politics. It is unkind and unreasonable to 
accuse this OECD organisation of crass ignorance and incompetence. It 
follows that its statements and fatuous “business-as-usual” scenarios, 
reflecting outdated economic theory, must have a political motive to 
spare member governments from the uncomfortable challenge of facing the 
reality of oil depletion, with all that it implies. Accordingly, far 
from criticism, the IEA deserves praise for a brilliant performance in 
accomplishing its mission. It is just that many people fail to grasp 
what that mission is, and in consequence are seriously misled."
<http://asponews.org/HTML/Newsletter51.html#C501>

Some sections of the US DoE have broken ranks, see: 
http://www.energybulletin.net/3664.html and 
http://www.energybulletin.net/4577.html

In New Zealand at least it seems like it will be an election issue: 
http://www.energybulletin.net/4055.html

Adam Fenderson

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