Cool link, thanks.
http://www.eande.tv/transcripts/?date=040705#transcript
I looked at the Caruso/Felmy interview from 4/7/05 and there was an interesting quote regarding peak oil:
$this->bbcode_second_pass_quote('', '[')b]Ben Geman: Is it possible that this is starting to become a permanent fixture of the energy landscape? There was a presentation recently by a member of the House of Representatives, Roscoe Bartlett, on the idea of peak oil. Do you guys agree that we're sorted at the peak of the Hubbert curve or we're going to soon reach the peak of the Hubbert curve in worldwide oil production?
John Felmy: Absolutely not. People have been saying we're running out of oil for a long time. Only a short period after the discovery of oil in Pennsylvania, the chief geologist of Pennsylvania said we were going to run out of oil in four years and that was just using it for kerosene. The key is going forward is that we continue to develop technology.
Markets continue to move the appropriate resources around and we find more oil than what we use. So as long as reserves continue to build you don't even reach a peak. So I would say that's a bit premature to make those statements. That being said, unless we do make the investments required to bring oil resources online you could see the continued tight markets that we experience.
(emphasis added). Well, that's good to hear!