News Release: ASPO-USA Urges Energy Department to Confront Risks of Oil Crisis : ASPO-USA: Association for the Study of Peak Oil and Gas
In a letter to Energy Secretary Steven Chu and EIA Administrator Adam Sieminski, ASPO-USA said that DOE and EIA must maintain an independent, unbiased, and prudent perspective amidst a barrage of industry and media hype about a new era of oil abundance. The letter points to
overly optimistic forecasts from industry and media sources for increased oil production in North America and cites evidence that such claims are overstated and based on misrepresentation of the data.
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Tightening Competition for Global Oil Exports Increases Risks for Near-Term Oil Crisis
The letter goes on to highlight that the United States remains very dependent on imported oil. Competition for oil exports on the global market is rapidly increasing, however, as demand in emerging economies grows and oil-exporting countries increase their domestic consumption. “Since 2005, China and India have consumed an increasing share of a declining volume of oil exports,” noted Jeffrey Brown, ASPO-USA vice-president and an independent geologist who tracks oil export trends. “If we extrapolate current trends, China and India alone would consume 100% of global net oil exports by 2030,” Brown added.
“We have to face the reality that more drilling at home will not significantly address our vulnerability to a global oil supply crisis,” said ASPO-USA Executive Director Jan Lars Mueller, “a dramatic reduction in national oil consumption is a wiser and cheaper path to energy security and oil ‘independence’.”
Quote:
Originally Posted by Arragonis
Responding to this thread is a waste of energy and time. The energy of this post I might get back tomorrow by getting 1-2 MPG extra, maybe more - I'm using a solar recharged netbook.
The time I can never get back.
My future strategy is if the thread is started by Suspect... I will avoid it as it will be alarmist pish. I advise the same to anyone else, the "thing" is a muppet. 
Bye. |