Monday, July 17, 2006

Energy & The G8 - or 'Cloud Cuckoo Land'

From The New York Times 17th July 2006
"World leaders at a Group of 8 summit meeting on Sunday issued a communique on energy policy that touched lightly on alternatives to fossil fuels, like biomass and wind power, but focused mostly on how to bring more oil to the market....

.... the Group of 8 leaders said they were addressing ''high and volatile'' prices, with oil soaring above $75 a barrel last week, by endorsing policies to encourage oil field investment and raise production. They said that demand for oil, natural gas and coal would rise more than! 50 percent above current levels by 2030, and that these fossil fuels would constitute 80 percent of the world's energy supply by then."
They might as well have said "we have decided to move en-mass to Cloud Cuckoo Land".

With a majority of oil industry insiders and expert opinion estimating the planet's peak oil production will occur somewhere between now and about 2015, there is not a snowballs chance in Hell that global production will EVER be increased to 50% above today's levels. The real conundrum is that they KNOW IT, yet still indulge in farcical statements for public consumption

Think about that. It explains all you need to know about the West's continued unwelcome presence in the Middle East.
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