is peak oil our greatest challenge?

11/04/2007 07:10:00 AM
The price of oil appears to be going through the roof and it’s clearly being driven by increased demand from China and India, but also by increasing global prosperity.

While few politicians appear ready to acknowledge the startling fact, many industry observers believe we are now over the “Peak Oil” threshold.

Quite simply, oil supplies aren’t limitless and we have just reached or are about to reach that peak.

While global warming is clearly a challenge, but Peak Oil could be bigger.

This is the opinion of Matthew Simmons, who incidentally isn’t a professor at some liberal arts college, or an activist on the frontlines for Greenpeace; instead, he’s a paid-up pinstripe-suit wearing investment banker to the oil industry.

Here’s his concluding slide from a recent presentation he gave.
Peak Oil

A full copy of this deck and his other presentations can be found here.

Obviously, oil companies are trying to get the conversation started, but are they the right people to be doing it and are they doing it the right way?



Posted by Ed Cotton
Tags: peakoil (1) oil (4) oilprices (1)

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