by Petrodollar » Mon 22 Oct 2007, 16:54:15
For those who may not get the ASPO-USA newsletter, here's a quick summary of last week's conference in Houston, and a few quotes:
$this->bbcode_second_pass_quote('', '[')b]ASPO-USA Houston Conference
Over 525 people attended this year’s conference, a record for what was already the world’s largest annual conference on peak oil. Some 60 speakers addressed attendees who came from 18 countries and 35 US states. Attendees included an even mix of corporate senior-level management, academic / NGO, students, and general public.
Over 25 members of the accredited press attended including Marshall Adkins (Raymond James Associates) helped start the event by sharing his view that world oil production would probably peak within five years. Tom Petrie (Merrill Lynch - Petrie) stressed that limited access to oil controlled by foreign governments point to the looming reality of “practical peak oil.” Aage Figenschou (Norway; oil shipping industry) noted that over the last four years, the French petroleum institute has been shifting their in-house view of the timing of peak oil from 2020 to 2015 and now “in the direction of 2010.” Matt Simmons (Simmons & Co., Intl), Stuart Staniford (The Oil Drum) and Euan Means (also TOD) expressed varying degrees of skepticism about the ability of Saudi Arabia to meet stated production goals; industry analysts Charles Maxwell and Henry Groppe were modestly more optimistic.
John Darnell (office of U.S. Congressman Roscoe Bartlett) warned that “a teachable moment [about peak oil] may be coming,” and that attendees should ask their elected representatives what contingency plans are in place for responding to it. Author Peter Tertzakian (ARC Financial) asked if peak oil “is an issue of technological engineering or social engineering.”
Houston Mayor Bill White referred to oil production as “a race between technology and depletion,” but focused his remarks on public and private sector responses to the peak oil problem. Financial planner James Hansen urged attendees to “get timing out of your heads” and focus on smart responses. Oil and gas database expert Richard Nehring stressed that “rather than looking at [peak oil] as a problem of inadequate supply, we should look at this as a problem of too much consumption.”
PowerPoint presentations for most conference presenters are being posted on ASPO-USA’s website. Sets of DVDs will be available within 6 weeks.
http://www.aspo-usa.com/...BTW, other than the Bloomberg News story from Friday, has anyone read any
detailed reports in the media regarding this conference? Seems the major media was there: AP, New York Times, Bloomberg News, the Houston Chronicle, World Oil magazine, the Oil & Gas Journal, and many others.
$this->bbcode_second_pass_quote('', 'Q')uotes of the Week (from T. Boone Pickens, at the ASPO-USA conference)
•“I think you’ll reach $100 [a barrel] before you go back to $80. It could happen in the 4th quarter, but you’ll see it within a year.”
•When will we hit peak production? “That’s an easy one. We have already peaked; 85 million barrels is as high as we’re going to go.”
•”As this unfolds, you're going to have to find alternatives that are going to do the job that oil is doing. Everyone is going to have to come to grips with this in the next two or three years. People are going to have to figure it out.''