Amazing stuff, if you don’t listen to much, please check out this very long interview with two of the most serious individuals involved in oil field analysis, peak oil, etc. When two guys like this get together, they aren’t doing it to have fun or
Our fun times are coming to an end very soon, if these guys are as right as they have consistently been. One key point is new data released by a newly reorganized IEA (International Energy Agency)
Please give the interview a listen (direct stream)
The following are some random quotes from the interview:
The biggest story.. is supply destruction, but that’s not getting the same coverage as the current demand destruction…
(the IEA) is saying we are in TERRIBLY serious trouble… At some point somebody needs to stand up and say we have a fire in the theater.
Oil has been on a production plateau since about 2005
The game is over…
We are having trouble explaining this to people who do not understand…
We are already on the downhill slide…
The oil industry is now panicked (because of the current economic collapse).. they are laying down rigs.. we’ve already laid down about 20% of North American’s rigs, within six months we’ll be 30% down
I think we have a week or two before we shot ourselves in the kneecap
We’re heading for a train wreck.. we’re sliding downhill without any brakes.
The only fix is to drop our current oil consumption levels.. there are no quick fixes.
The time to act is now.. and need to act is urgent
(the prevailing public feeling that) renewables will solve all of our problems and that is just PLAIN WRONG
This is a no-holds barred interview, and the news is all bad. They discuss new IEA (International Energy Agency) research and management which are showing that all previous assumptions were grotesquely optimistic.
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