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+ - Oil (or Not) in Your Future-> 1

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mdsolar
mdsolar writes "Over at The Oil Drum there is an interesting discussion going on about a report released (in draft form) by the National Petroleum Council. The report is a response to questions from Secretary of Energy Bodman about the ability of oil companies to meet projected demand for oil (at a reasonable price). The report seems to say that this cannot be done and recommends that the government 1) force conservation through efficiency regulations, 2) shift to other energy sources, 3) reduce regulation on drilling in the US, 4) use US power to force open markets in oil, 5) pay for the education of engineers in the oil field, allow retiring workers to consult without tax penalties and raise H1-B quotas and 6) pay the oil industry to accept carbon dioxide from coal use for sequestration.

The discusion at The Oil Drum is finding that the report is fudging on the peak oil issue while at the same time predicting a greatly increased oil supply mainly from the Middle East using new technologies and discoveries. My own acerbic take on the report findings can be found here."

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Oil (or Not) in Your Future

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